REDDIT
Warning to all buying GoPro above $1.14 your going to get fleeced.
Directly from their website.
**Direct Capital Loss:** If you buy shares at $1.50, $2.00, or higher, you are paying a direct premium over the guaranteed cash distribution you will receive when the deal closes.
GoPro shareholders will retain approximately **10% ownership** of the post-merger entity. To make a purchase above $1.14 profitable, that remaining 10% stake in the combined company must trade at a high enough market cap to recover the premium you overpaid.
You are buying the bag right now.