GoPro Announces Issuance Of $20M Convertible Debenture To Yorkville, Completing Third And Final Closing Under $50M Purchase Agreement
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001500435/000150043526000040/gpro-20260908.htm
GoPro borrowed $20 million from a company called Yorkville by issuing a special bond that can turn into company stock later. This completes their plan to borrow up to $50 million total, which shows they needed extra money but also means existing owners will own a smaller piece of the company eventually.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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