GoPro issues $20M convertible debenture to Yorkville, adding to $25M prior issuance, with variable conversion price

Filed September 8, 2026 · ~1 min read

Key Changes

• high

  GoPro issued a $20 million convertible debenture to Yorkville on September 8, 2026, under a purchase agreement dated February 27, 2026. This brings total convertible debentures to $45 million, with no further issuances allowed.

  Risk Factors verify on EDGAR →
• high

  The debenture converts into Class A common stock at the lower of $1.35 or 98% of the lowest daily VWAP over the five trading days before conversion, with a floor of $0.1736. This variable discount can significantly increase share count and dilute existing holders.

  Risk Factors verify on EDGAR →
• medium

  The debenture is interest-free unless certain events occur, then interest jumps to 5% or 18% annually. It matures on August 26, 2027, and was issued at a 3% original issue discount, increasing effective borrowing cost.

  Risk Factors verify on EDGAR →