Gaia Inc. (NASDAQ: GAIA) has completed an underwritten public offering, raising approximately $7.2 million through the sale of 1,600,000 shares of Class A common stock at $5.00 per share. The company plans to strategically deploy these funds primarily toward enhancing its artificial intelligence capabilities and developing the Gaia Community project.
The media streaming service, which offers content in four languages and serves members across 185 countries, will use the capital to support its ongoing growth and technological innovation. With a library exceeding 10,000 titles, over 88% of which are exclusively produced by Gaia, the company continues to strengthen its position in the conscious media market.
Roth Capital Partners served as the joint book-running manager for this financial transaction, demonstrating institutional support for Gaia's strategic vision. The funding represents a significant opportunity for the company to invest in emerging technologies and expand its community-focused platform.
The capital raise signals Gaia's commitment to technological advancement and content development in the rapidly evolving digital media landscape. By focusing on AI capabilities and community engagement, the company aims to differentiate itself in a competitive streaming market.
