GAIA SHAREHOLDER ALERT: Jakubowitz Law Reminds Gaia Shareholders of a Lead Plaintiff Deadline of February 21, 2023

NEW YORK, Dec. 27, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Gaia, Inc. (NASDAQ: GAIA).

To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/gaia-inc-loss-submission-form/?id=34929&from=4

The lawsuit seeks to recover losses for shareholders who purchased Gaia between December 26, 2017 and November 7, 2022.

Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until February 21, 2023 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, Gaia, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company's Q1 2019 subscriber count was overstated; (2) the Company lacked adequate internal controls;  (3) as a result, defendants had a heightened risk of regulatory scrutiny and ultimately being subject to an investigation and action by the United States Securities and Exchange Commission; and (4) as a result of the foregoing, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE Jakubowitz Law

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