Gaia Announces Closing of Underwritten Offering of $8.0 Million of Common Stock
Gaia (NASDAQ: GAIA) has completed its previously announced underwritten public offering of 1,600,000 shares of Class A common stock at $5.00 per share. The company raised net proceeds of approximately $7.2 million after deducting underwriting discounts, commissions, and estimated offering expenses.
The company plans to use the proceeds primarily for enhancing its AI capabilities, developing the Gaia Community project, and general corporate purposes. Roth Capital Partners and Lake Street Capital Markets served as joint book-running managers for the offering, which was made pursuant to an effective shelf registration statement filed with the SEC.
Gaia (NASDAQ: GAIA) ha completato la sua offerta pubblica sottoscritta precedentemente annunciata di 1.600.000 azioni di azioni ordinarie di Classe A al prezzo di 5,00 dollari per azione. L'azienda ha raccolto proventi netti di circa 7,2 milioni di dollari dopo aver dedotto sconti sui sottoscrittori, commissioni e spese stimate per l'offerta.
L'azienda prevede di utilizzare i proventi principalmente per migliorare le proprie capacità di intelligenza artificiale, sviluppare il progetto Gaia Community e per scopi aziendali generali. Roth Capital Partners e Lake Street Capital Markets hanno agito come gestori joint book-running per l'offerta, che è stata effettuata in base a una dichiarazione di registrazione shelf efficace presentata alla SEC.
Gaia (NASDAQ: GAIA) ha completado su oferta pública garantizada previamente anunciada de 1.600.000 acciones de acciones comunes de Clase A a 5,00 dólares por acción. La empresa recaudó ingresos netos de aproximadamente 7,2 millones de dólares después de deducir descuentos de suscripción, comisiones y gastos estimados de la oferta.
La empresa planea utilizar los ingresos principalmente para mejorar sus capacidades de inteligencia artificial, desarrollar el proyecto Gaia Community y para fines corporativos generales. Roth Capital Partners y Lake Street Capital Markets actuaron como gerentes conjuntos de la oferta, que se realizó de acuerdo con una declaración de registro de estantería efectiva presentada ante la SEC.
가이아 (NASDAQ: GAIA)는 1,600,000 주의 A 클래스 보통주를 주당 5.00 달러에 공모하는 계획된 공모를 완료했습니다. 회사는 인수 수수료와 예상 제공 비용을 차감한 후 약 720만 달러의 순수익을 올렸습니다.
회사는 주로 AI 기능 향상, 가이아 커뮤니티 프로젝트 개발, 및 일반 관리 용도로 수익금을 사용할 계획입니다. Roth Capital Partners와 Lake Street Capital Markets는 SEC에 제출된 유효한 선반 등록 선언에 따라 이 공모의 공동 주관사로 활동했습니다.
Gaia (NASDAQ: GAIA) a achevé son offre publique souscrite précédemment annoncée de 1 600 000 actions ordinaires de Classe A au prix de 5,00 dollars par action. L'entreprise a récolté des produits nets d'environ 7,2 millions de dollars après déduction des réductions de souscription, des commissions et des frais estimés pour l'offre.
L'entreprise prévoit d'utiliser les produits principalement pour améliorer ses capacités d'IA, développer le projet de la communauté Gaia, et pour des fins corporatives générales. Roth Capital Partners et Lake Street Capital Markets ont assuré la gestion conjointe de l'offre, qui a été réalisée selon une déclaration d'enregistrement en étagère efficace déposée auprès de la SEC.
Gaia (NASDAQ: GAIA) hat ihr zuvor angekündigtes öffentliches Angebot über 1.600.000 Aktien der Class A Stammaktien zum Preis von 5,00 Dollar pro Aktie abgeschlossen. Das Unternehmen hat nach Abzug von Underwriting-Rabatten, Provisionen und geschätzten Angebotskosten netto etwa 7,2 Millionen Dollar eingenommen.
Das Unternehmen plant, die Einnahmen hauptsächlich zur Verbesserung seiner KI-Fähigkeiten, zur Entwicklung des Gaia Community-Projekts und für allgemeine Unternehmenszwecke zu verwenden. Roth Capital Partners und Lake Street Capital Markets fungierten als gemeinsame Buchführer für das Angebot, das gemäß einer effektiven Shelf-Registrierungsanmeldung bei der SEC durchgeführt wurde.
- Secured $7.2 million in net proceeds from stock offering
- Investment in AI capabilities enhancement
- Development funding for Gaia Community project
- Dilution of existing shareholders through 1.6 million new shares issuance
- Stock offering price of $5.00 indicates potential share value pressure
Insights
This
The planned allocation of funds reveals a strategic pivot toward technology and community engagement. The focus on AI capabilities enhancement is particularly noteworthy, as it could potentially:
- Improve content recommendation algorithms to boost user engagement and retention
- Optimize content creation and production costs
- Enable more personalized user experiences to compete with larger streaming platforms
The development of the Gaia Community project signals a shift from a pure content streaming model to a more interactive, community-driven platform. This could create additional revenue streams and strengthen user loyalty in the competitive conscious media space.
However, the timing and size of this offering raise some considerations. With approximately
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
Net proceeds to the Company, after deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company, were approximately
The Company intends to use the net proceeds from the offering primarily for, but not limited to, enhancements of our AI (Artificial Intelligence) capabilities, the development of the Gaia Community project, and for general corporate purposes.
Roth Capital Partners and Lake Street Capital Markets acted as joint book-running managers for this offering.
The offering was made pursuant to a shelf registration statement on Form S-3 (No. 333-283767) that was declared effective by the Securities and Exchange Commission (the “SEC”) on December 20, 2024. A final prospectus supplement and accompanying prospectus with respect to the offering has was filed with the SEC on February 6, 2025 and is available on its website at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus may be obtained from Roth Capital Partners, LLC, 888 San Clemente, Suite 400, Newport Beach, CA 92660, by telephone at (800) 678-9147 or by email at rothecm@roth.com.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the shares of Class A common stock, nor will there be any sale of the shares of Class A common stock in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.
About Gaia
Gaia is a member-supported global video streaming service and community that produces and curates conscious media through four primary channels—Seeking Truth, Transformation, Alternative Healing and Yoga—in four languages (English, Spanish, French and German) to its members in 185 countries. Gaia’s library includes over 10,000 titles, over
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact are forward looking statements that involve risks and uncertainties. When used in this discussion, we intend the words “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “future,” “hope,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “strive,” “target,” “will,” “would” and similar expressions as they relate to us to identify such forward-looking statements. Our actual results could differ materially from the results anticipated in these forward-looking statements as a result of certain factors set forth under “Risk Factors” and elsewhere in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2023. Risks and uncertainties that could cause actual results to differ include, without limitation: our ability to attract new members and retain existing members; our ability to compete effectively, including for customer engagement with different modes of entertainment; maintenance and expansion of device platforms for streaming; fluctuation in customer usage of our service; fluctuations in quarterly operating results; service disruptions; production risks; general economic conditions; future losses; loss of key personnel; price changes; brand reputation; acquisitions; new initiatives we undertake; security and information systems; legal liability for website content; failure of third parties to provide adequate service; future internet-related taxes; our founder’s control of us; litigation; consumer trends; the effect of government regulation and programs; the impact of public health threats; our ability to remediate the material weaknesses in our internal control over financial reporting and technical accounting; and other risks and uncertainties included in our filings with the SEC. We caution you that no forward-looking statement is a guarantee of future performance, and you should not place undue reliance on these forward-looking statements which reflect our views only as of the date of this press release. We undertake no obligation to update any forward-looking information.
Company Contact:
Ned Preston
Chief Financial Officer
Gaia, Inc.
Investors@gaia.com
Investor Relations:
Gateway Group, Inc.
Cody Slach
(949) 574-3860
GAIA@gateway-grp.com
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