The embattled action camera company received a $20 million lifeline from its founder and CEO, Nick Woodman, who is providing the funds through the issuance of senior secured notes and warrants to purchase the company’s Class B common stock, issued via affiliated entities. Woodman reiterated his support for the board’s exploration of strategic alternatives, which could include a sale of the company or a merger, per GPRO’s Q1 call on May 11. That strategy announcement was followed later ... Log in to view full article.