GoPro (GPRO) investor relations material

Executive summary

• A definitive merger agreement dated September 1, 2026, covers a merger involving the registrant, Action Acquisitions LLC and its wholly owned Merger Sub; completion remains subject to conditions, including stockholder approval.

• Starman New Photonics and Gemtek plan U.S. optical-transceiver manufacturing at a planned New Jersey facility, with a $150 million investment, up to $37.5 million in NJEDA tax credits and an expected 250 jobs.

• Initial production is planned for 800G and 1.6T transceivers, with plans to scale output and expand to future generations of high-speed optical technology.

Voting matters and shareholder proposals

• Merger completion requires the requisite stockholder approval; investors and stockholders are urged to review the proxy statement and related materials before voting.

• Completion timing is uncertain; risks include competing acquisition proposals, unmet closing conditions and possible termination of the merger agreement.

Risk oversight and compliance

• Merger-related risks include effects on hiring and retention, customer and supplier relationships, management focus, stock price and potential stockholder litigation.

• Facility plans face risks from construction delays, cost overruns, financing constraints and staffing; NJEDA credits may be reduced, delayed or forfeited if eligibility requirements are unmet.

• Other identified risks include regulatory action, supply-chain disruptions, tariffs, trade restrictions, export controls, and changes in AI infrastructure demand and optical technology.