secwatch.observer — SEC 8-K summary
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Issuer:     GAIA, INC (GAIA)
CIK:        0001089872
Form:       8-K
Filed at:   2025-07-30T23:59:59+00:00
Accession:  0000950170-25-100221
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gaia amends KeyBank credit facility; extends maturity to 2028, adjusts rates, sets leverage ratio 2.00:1.00
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- Revolving credit facility up to $10M (expandable to $15M) matures August 25, 2028; proceeds for working capital, corp purposes, permitted acquisitions.
- Interest rates set at 1.75% for SOFR loans and 0.75% for base rate loans; prior SOFR index adjustment eliminated.
- Maximum leverage ratio reduced to 2.00:1.00; unused line fee unchanged at 0.15% per annum.
- Telomeron (dissolved) and Sages (planned dissolution) released as subsidiary guarantors; Ignition and its subs not required to become loan parties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1089872/000095017025100221/0000950170-25-100221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1089872/000095017025100221/gaia-20250729.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-100221

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer