Company file
GoPro
Proposed Starman merger
A file built from our published coverage, not a complete corporate profile or a live confirmation of transaction status. Dates refer to the underlying sources.
Event timeline
Starman and Gemtek plan U.S. production of 800G and 1.6T transceivers
The partners plan to manufacture optical transceivers at a New Jersey facility where Starman expects to invest $150M and has approval for up to $37.5M in state tax credits. The project targets 250 jobs and combines Starman's photonics platform with Gemtek's automated manufacturing experience.
Watch: Track facility equipment, tax-credit conditions and actual 800G/1.6T production.
Starman New Photonics / Gemtek / SEC ↗GoPro agrees to merge with U.S. optical-transceiver maker Starman
GoPro shareholders are set to receive $285M cash, or $1.14 per share subject to adjustment, and retain about 10% of the combined public company. Roughly $92M of GoPro debt is due to be repaid at closing, expected by year-end 2026 pending shareholder and regulatory approvals.
Watch: Check the merger's closing disclosure and treatment of cash and outstanding debt.
GoPro / SEC ↗