GPRO SHAREHOLDER ALERT: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of GoPro, Inc.; Encourages ...
September 02 2015 - 11:39AM
Business Wire
Shareholder Rights Law Firm Johnson & Weaver, LLP is
investigating if GoPro, Inc. (NASDAQ: GPRO) committed securities
violations. The investigation focuses on whether GoPro and its
officers violated securities laws by issuing misleading information
to investors related to the Company’s June 26, 2014 initial public
offering (IPO) and its November 20, 2014, secondary public offering
(SPO).
GoPro is a consumer electronics company primarily selling
mountable and wearable cameras and related accessories designed for
active or challenging physical environments.
In June 2014, GoPro commenced an IPO and issued approximately
17.8 million shares of common stock at $24 per share. In the weeks
and months following, those shares shot up to trade at over $98 per
share. In November 2014, GoPro commenced the SPO and issued
approximately 10.3 million additional shares of common stock at $75
per share. These two offerings collectively sold over 28 million
shares of GoPro common stock to the public, raising more than $1
billion in gross proceeds.
Johnson & Weaver’s investigation seeks to determine if the
Registration Statements for the offerings contained untrue
statements regarding the GoPro’s business prospects, specifically
information about competition and the likelihood of pricing
pressures on margins.
If you purchased GoPro securities between June 26, 2014 and
November 19, 2014, or on November 20, 2014 pursuant to the SPO, we
encourage you to contact Johnson & Weaver. We are available to
answer questions about the investigation and your legal rights and
remedies. Please contact Jim Baker
(jimb@johnsonandweaver.com) by email or by phone
at 619-814-4471. If emailing, please include a phone number where
you can be reached.
About Johnson & Weaver,
LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20150902006069/en/
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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