Conscious media streaming company Gaia Inc. has successfully closed an underwritten public offering, raising approximately $7.2 million through the sale of 1.6 million shares of Class A common stock. The offering, priced at $5.00 per share, signals the company's continued investment in technological innovation and community development.
The newly secured funds will be primarily allocated toward advancing Gaia's artificial intelligence capabilities and expanding the Gaia Community project. This strategic investment reflects the company's commitment to enhancing its digital infrastructure and user engagement platforms.
Gaia, known for its diverse content spanning categories such as Seeking Truth, Transformation, Alternative Healing, and Yoga, operates a global video streaming service available in four languages and accessible across multiple digital platforms including Apple TV, Roku, and Amazon Prime Video.
With a robust library of over 10,000 titles, approximately 88% of which are exclusive to the platform, Gaia has established a unique position in the conscious media streaming market. The company's content strategy is particularly notable, with roughly 75% of viewership generated by content produced or owned by Gaia.
The public offering, facilitated by Roth Capital Partners, demonstrates investor confidence in Gaia's growth strategy and potential for technological advancement. By focusing on AI development and community building, the company aims to differentiate itself in an increasingly competitive streaming landscape.
This capital injection provides Gaia with critical resources to continue innovating its platform, potentially expanding its reach to its existing membership base across 185 countries and attracting new audiences interested in conscious, transformative content.
