Gaia Intends To Offer Shares Of Its Class A Common Stock For Sale In Public Offering; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Gaia Inc. plans to offer shares of its Class A common stock in a public offering. The company also intends to grant the underwriter a 30-day option to purchase up to an additional 15% of the number of shares of its Class A common stock in the underwritten public offering. The terms of the offering have not been disclosed.
October 02, 2023 | 9:15 pm
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Gaia's announcement of a public offering of its Class A common stock could potentially dilute existing shareholders' equity, which may lead to a short-term decrease in the stock price.
Public offerings often lead to dilution of existing shareholders' equity, which can result in a decrease in the stock price. However, the impact will depend on the terms of the offering, which have not been disclosed.
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