GoPro, Inc. (GPRO)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of GoPro, Inc. ("GoPro" or the "Company") (NASDAQ: GPRO). The investigation concerns whether GoPro and certain of its officers and/or directors have violated federal securities laws.
On November 18, 2020, GoPro issued a press release “announc[ing] that it proposes to offer $100.0 million aggregate principal amount of convertible senior notes due 2025 (the ‘notes’), subject to market conditions and other factors . . . in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933.” GoPro stated that the proceeds of the offering will be used for general corporate purposes and to cover the cost of certain capped call transactions which the Company would enter in connection with the notes pricing. On this news, GoPro’s stock price fell sharply during intraday trading on November 19, 2020.
If you are aware of any facts relating to this investigation, or purchased GoPro shares, you can assist this investigation by visiting contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.