In a Tuesday filing with the Securities and Exchange Commission, GoPro said it needs more time to complete its third-quarter financial report and plans to file it as soon as practicable. The company did not provide a date for the filing.

The delay follows GoPro’s restatement of some financial results, which it attributed to a material weakness in internal control over financial reporting. The company also said it is seeking waivers from lenders and assessing the consequences of failing to comply with certain loan covenants if those waivers are not granted.

Without waivers, GoPro said, noncompliance would constitute an event of default and allow lenders to demand accelerated repayment of its debt. That could prevent the company from meeting a closing condition for its proposed $285 million merger with Starman Optical. GoPro said the merger agreement would permit Starman to terminate the deal in that event.

GoPro shares fell 8.7% to 77 cents in after-hours trading.