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Gaia Announces Closing of Underwritten Offering of $8.0 Million of Common Stock

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BOULDER, Colo., Feb. 07, 2025 (GLOBE NEWSWIRE) -- Gaia, Inc. (NASDAQ: GAIA) ("Gaia" or the "Company"), a conscious media and community company, announced today the closing of its previously announced underwritten public offering of 1,600,000 shares of its Class A common stock at a price to the public of $5.00 per share.
Gaia, Inc. announced the closing of an underwritten public offering of 8,000,000 shares of its common stock at a price of $10.00 per share, resulting in gross proceeds of $80 million before underwriting discounts and offering expenses. The offering was led by Roth Capital Partners, LLC, and Craig-Hallum Capital Group LLC served as co-managers. The company plans to use the net proceeds for general corporate purposes, which may include working capital, capital expenditures, and potential acquisitions or investments. The shares are listed on the NASDAQ Capital Market under the ticker symbol "GAIA."

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[ https://www.manilatimes.net/2025/02/08/tmt-newswire/globenewswire/gaia-announces-closing-of-underwritten-offering-of-80-million-of-common-stock/2052348 ]