Ademi LLP is investigating whether the proposed combination of GoPro with Starman Optical, described as a subsidiary of Action Acquisitions LLC, delivers fair value to public shareholders and whether GoPro’s board adequately protected their interests. Under the roughly $285 million transaction announced on September 1, 2026, shareholders are to receive $1.14 per share in cash plus equity in the new entity, retain about 10% ownership, and see roughly $92 million of GoPro debt addressed, with Midtown Equities LLC pledging equity financing and a $10 million termination fee if GoPro accepts a superior offer. The firm is scrutinizing the deal price relative to GoPro’s value and prospects, change-of-control benefits for insiders, limits on competing bids, and board conduct, with closing targeted by year-end 2026 subject to shareholder and regulatory approvals. Starman plans to shift GoPro’s focus toward AI infrastructure, data centers, and defense technology alongside its optical-transceiver business; GoPro shares rallied sharply after the announcement, with reports citing intraday gains of about 37% to 50% and trading near $1.21, a day after YouTuber Mark Fischbach (Markiplier) disclosed an 8.5% stake.