Eva Live Inc. received a notice from Streeterville Capital, LLC asserting that a Major Trigger Event occurred under two secured convertible promissory notes totaling approximately $9.72 million in principal. Streeterville claims the company's October 2 issuance of securities to Dune Equity Holdings LLC violated prior consent requirements, triggering a ten percent increase in the outstanding balance by approximately $741,786. The company disputes these assertions, arguing the transaction was not a Restricted Issuance and that the penalty is invalid. Eva Live Inc. operates in the live entertainment and event technology sector.
