secwatch.observer — SEC 8-K summary
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Issuer:     GAIA, INC (GAIA)
CIK:        0001089872
Form:       8-K
Filed at:   2022-08-26T23:59:59+00:00
Accession:  0000950170-22-017817
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gaia enters $10M revolving credit facility with KeyBank, maturing 2025
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- Revolving credit facility of up to $10M; no amounts drawn at closing.
- Matures August 25, 2025; secured by first-priority lien on all business assets including IP.
- Interest at Daily Simple SOFR + 2.10% (incl. 0.10% SOFR adjustment) or Base Rate + 1.00%.
- Financial covenants: Fixed Charge Coverage Ratio ≥1.20x and Leverage Ratio ≤1.50x.
- Proceeds for working capital/general corporate purposes; not for acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1089872/000095017022017817/0000950170-22-017817-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1089872/000095017022017817/gaia-20220825.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-017817

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