** Shares of media and community company Gaia GAIA.O slip 9.9% to $5.12 premarket
** GAIA announces pricing of stock offering of 1.6 mln shares at $5/shr for gross proceeds of $8 mln
** Stock offering priced at a 12% discount to stock's last close
** GAIA will use the proceeds to bolster its artificial intelligence capabilities, develop its community project and other purposes
** Roth Capital Partners and Lake Street Capital Markets were the joint book-running managers for the offering
** GAIA has 23.5 mln outstanding shares for $133.3 mln market capitalization - LSEG data
** GAIA stock rose 66.3% in 2024
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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