Intel stock spikes after report of possible US government stake
SAN MATEO, CA – GoPro, Inc. has been notified by The Nasdaq Stock Market that it no longer meets the minimum bid price requirement, putting its Class A common stock at risk of delisting. Currently trading at $0.69, down nearly 33% year-to-date according to InvestingPro data, GoPro’s shares remained below $1.00 for thirty consecutive business days, violating Nasdaq’s Listing Rule 5450(a)(1).
The company, which is well-known for its action cameras and photographic equipment, received the notice on Monday, indicating that its stock must maintain a bid price of at least $1.00 per share for ten consecutive business days within a 180-day grace period to regain compliance. With a market capitalization of just $109 million and trading 70% below its 52-week high of $2.32, this period provides GoPro time until late September to address the issue. During this time, the shares will continue to be traded on the Nasdaq Global Select Market under the ticker symbol "GPRO."
GoPro’s management has not yet outlined a specific plan of action to address the noncompliance, but the company has stated that it is looking into options to meet Nasdaq’s requirements. InvestingPro analysis indicates the company’s overall financial health score is Weak, with revenue declining 20% in the last twelve months to $801 million. The notification from Nasdaq does not affect GoPro’s business operations or its SEC reporting obligations at this time.
The company’s financial performance and stock price could be influenced by a variety of factors, and the future trajectory of the share price remains uncertain. GoPro has previously reported on its business risks and uncertainties in its Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on March 17, 2025.
This recent development may have implications for investors and the company’s future on the exchange, but GoPro has committed to keeping its stakeholders informed of its efforts to maintain its listing status. The information disclosed is based on GoPro’s latest SEC filing.
In other recent news, GoPro, Inc. has unveiled its financial strategy with CEO Nicholas Woodman opting to forgo his salary for the remainder of 2025. This move is part of GoPro’s broader cost-cutting efforts, with the company filing details of the Waiver Agreement with the SEC. In product developments, GoPro launched a new Polar White edition of its HERO13 Black camera, priced at $399.99, featuring advanced video capabilities and compatibility with HB-Series Lenses. The company also introduced updates to its MAX 360 camera and Quik App, enhancing user experience with features like AI-powered object tracking and new editing tools. Further expanding its market presence, GoPro has entered a distribution agreement with Kimpex in Canada, aiming to increase product availability through over 2,300 dealers. Additionally, GoPro secured partnerships with MotoGP and MXGP to provide immersive race views using its HERO13 Black cameras, offering fans a rider’s perspective. These collaborations include GoPro being the title sponsor of a Grand Prix event in 2025. These developments reflect GoPro’s ongoing commitment to innovation and market expansion.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.