Recent Updates — GOAI
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.
Eva Live Inc. filed a prospectus supplement registering the sale of up to 5,000,000 shares of common stock under an Equity Purchase Agreement with Hudson Global Ventures, LLC. The company has the right but not the obligation to direct the investor to purchase these shares at an aggregate price of up to $10,000,000. Additionally, the company issued a warrant to purchase 275,000 shares exercisable at $0.01 per share for five years. The transaction is registered under the company's existing shelf registration statement on Form S-3. Eva Live Inc. operates in the technology sector, providing live streaming and interactive entertainment services.
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.
Eva Live Inc filed an amended and restated articles of incorporation that declassifies the board, requires director removal only for cause by a 66.67% supermajority, elects Nevada anti-takeover statutes, grants exclusive board authority over bylaws, and establishes an exclusive forum in Washoe County courts. The company also designated 1,000,000 shares of Series A Convertible Preferred Stock with a stated value of $0.0001 per share, convertible at a rate of 150 common shares per preferred share, and issued 200,000 such shares to CEO David Boulette under his employment agreement. Additionally, the company updated its bylaws to restrict stockholder ability to call special meetings and adopt advance notice requirements for director nominations. Eva Live Inc operates in the technology sector, providing live streaming and interactive entertainment services.
Eva Live Inc. entered into a new five-year executive employment agreement with CEO David Boulette on August 17, 2026, replacing his prior contract. The agreement establishes an annual base salary of $800,000 with automatic 10% increases and includes a $5 million severance payment for termination without cause or resignation for good reason. Mr. Boulette is eligible to receive up to 1,000,000 shares of Series A Convertible Preferred Stock based on performance milestones: the first tranche of 200,000 shares was earned upon the company's successful uplisting to Nasdaq in January 2026. Subsequent tranches depend on completing acquisitions exceeding $5 million or launching products generating similar revenue, alongside specific sales growth targets through year five. Each preferred share converts into 150 common shares, potentially diluting equity by up to 150 million common shares. Eva Live Inc. operates in the technology sector, providing live streaming and interactive entertainment services.