other material
confidence high
sentiment neutral
materiality 0.60
Gaia prices public offering of 1.855M shares at $2.70/share for ~$5.0M gross proceeds
GAIA, INC
- Offering of 1,855,000 shares at $2.70 per share, expected gross proceeds ~$5.0M.
- Underwriter granted 30-day option to purchase up to 278,250 additional shares.
- Expected to close on October 5, 2023; proceeds for general corporate purposes.
- Lake Street Capital Markets acting as sole book-running manager for the offering.