secwatch.observer — SEC 8-K summary
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Issuer:     GAIA, INC (GAIA)
CIK:        0001089872
Form:       8-K
Filed at:   2021-12-23T23:59:59+00:00
Accession:  0001564590-21-061030
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gaia acquires Yoga International for $9.065M cash plus 1.13M shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1089872/000156459021061030/0001564590-21-061030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1089872/000156459021061030/gaia-8k_20211222.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-061030

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