GoPro Faces NASDAQ Delisting Amid Financial Turmoil
GoPro's stock has fallen below $1.00 for 30 consecutive days, leading to its non-compliance with NASDAQ's listing requirements. The company, known for its action cameras, launched the Mission 1 Pro and Mission 1 ILS in April, but is facing major financial issues. To cut costs, GoPro announced in early April that it would reduce its global workforce by about 23%. In May, they indicated they were considering a sale during a strategic review. By June, the SEC was informed of "substantial doubt" about the company's future due to high costs from a memory crisis. Founder Nicholas Woodman recently put in $20 million through stock purchases. Currently, shares are at 69 cents, a 52.6% drop this year and a staggering 93.2% since October 2014.
Key facts
- GoPro is noncompliant with NASDAQ listing requirements after trading below $1.00 for 30 days.
- GoPro launched Mission 1 Pro and Mission 1 ILS cameras in April 2026.
- GoPro laid off about 23% of its global workforce in early April 2026.
- GoPro announced it was considering a sale in May 2026.
- GoPro warned the SEC of 'substantial doubt' about its ability to continue as a going concern in June 2026.
- CEO Nicholas Woodman lent GoPro $20 million through stock purchases.
- GoPro has a 180-day grace period to address NASDAQ noncompliance.
- GoPro's stock price peaked at nearly $94 per share in October 2014.
Entities
Institutions
- GoPro
- NASDAQ
- United States Securities and Exchange Commission
- Digital Camera Life
Locations
- Japan
- United States