- Entry
- $1.41
- Final
- $1.31 -7.0%
- Target
- $3.00
- Score
- -0.06
GoPro just completed the third and final closing of a $50M Yorkville convertible debenture facility (filed 9/8). Conversion price is the lower of $1.35 fixed or 98% of the lowest 5-day VWAP, floor at $0.1736. That structure gives the noteholder an incentive to convert and sell into strength, since their cost basis floats down with the stock rather than staying fixed. **This caused the dump.. Here we go again w/ the conveniently timed SEC Filing, looking like a "guaranteed" $1.35!** …
— ORIGINAL POST ·
$GPRO - Here we go again..
· r/smallstreetbets
· Sep 8, 2026