Gaia Inc. underwriter exercises overallotment option for 203,754 shares at $2.70, netting $0.5M

GAIA, INC

Underwriter Lake Street Capital Markets exercised overallotment for 203,754 additional shares at $2.70 each.
Net proceeds from the overallotment ~$0.5 million after underwriting discounts and expenses.
Total shares issued in offering: 2,058,754; total net proceeds ~$5.0 million.
Net proceeds will be used for general corporate purposes, including working capital, capex, debt repayment, and acquisitions.

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