This excerpt taken from the GAIA 8-K filed Aug 26, 2005.
Item 3.02 Unregistered Sales of Equity Securities.
On August 22, 2005, we issued and sold an aggregate of 2,500,000 shares of our Class A common stock for an aggregate purchase price of $20 million to Revolution Living, LLC. The issuance and sale of the shares was made pursuant to a previously announced and filed Transaction Agreement dated August 4, 2005. The issuance and sale of the Class A common stock was made pursuant to an exemption from registration under the Securities Act in reliance upon Section 4(2) of the Securities Act of 1933, as amended.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.