M&A
confidence high
sentiment positive
materiality 0.75
Gaia acquires Yoga International for $9.065M cash plus 1.13M shares
GAIA, INC
- Total consideration: $9.065M cash plus 1,134,613 Gaia Class A shares; closed Dec 22, 2021.
- Acquisition adds 4,000 hours of unique yoga content to Gaia's library.
- Over 250,000 Gaia members practice yoga on platform; strategic fit with mindful media.
- Cash used: $505k to repay YI debt, $530k transaction fees, $1.33M for balance sheet shortfall.
- Shares subject to six-month and Jan 2023 holdbacks; $1M deferred cash due March 2022.