Gaia Plans Public Offering of Shares-February 2024-www.financetom.com

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Gaia Plans Public Offering of Shares

Feb 5, 2025 2:53 PM

05:40 PM EST, 02/05/2025 (MT Newswires) -- Gaia (GAIA) said Wednesday it plans to start an underwritten public offering of class A shares.

Underwriters in the offering will have a 45-day option to buy additional shares, according to the company.

Net proceeds from the offering will be used to enhance AI capabilities, develop the Gaia Community project, and for general corporate purposes.

Shares of Gaia were down 12% in after-hours activity.

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