GOPRO ENTERS INTO DEFINITIVE AGREEMENT TO MERGE WITH STARMAN OPTICAL, INC.

Am I missing something or basically buying now @ $1.30 I get almost all my money back plus I keep my shares?

Source: GoPro's official website:

NEWS RELEASE
GOPRO ENTERS INTO DEFINITIVE AGREEMENT TO MERGE WITH STARMAN OPTICAL, INC.
2026-09-01
Merger to Recapitalize and Reposition GoPro; Company to Remain Publicly Listed on Nasdaq
Transaction Expected to Add U.S. Onshore Optical Transceiver Business, Positioning GoPro to Expand into Al Data Center, Government, Defense and Aerospace Markets
GoPro to Continue Supporting its Existing Consumer Products and its Subscription and Cloud Platform While Investing in Growth

NEW YORK and SAN MATEO, Calif., Sept. 1, 2026 /PRNewswire/ - GoPro, Inc. (NASDAQ: GPRO) and Starman Optical, Inc. ("Starman"), a privately held optical-photonics company, today announced that they have entered into a definitive merger agreement. In connection with the proposed transaction, GoPro shareholders will receive an aggregate cash payment of $285 million, or $1.14 per share, subject to potential adjustment based on GoPro's net working capital at closing and will maintain ownership of approximately 10% of the outstanding shares of the Company. GoPro's outstanding debt of approximately $92 million will be repaid in full at closing, resulting in a clean, substantially debt-free balance sheet.