Financing ·
Eva Live Inc. sells $937,500 tranche of secured promissory note to Dune Equity Holdings
GOAIEva Live Inc
On October 2, 2026, Eva Live Inc. entered into a securities purchase agreement with Dune Equity Holdings LLC to issue up to $1,875,000 in principal amount of 12% secured promissory notes. The company received net proceeds of $747,500 from the first tranche funding of $937,500 in principal after deducting legal fees. Eva Live issued 75,000 shares of common stock as commitment shares to Dune and granted a security interest in its assets, subject to existing senior secured debt. The note carries a conversion price of $2.50 per share and includes make-whole provisions based on the stock's closing price. The company plans to use proceeds for business development and general working capital. Eva Live Inc. operates in the live entertainment industry.