Eva Live Inc 8-K
Research Summary
AI-generated summary
Eva Live Inc. Announces $7.56M Secured Convertible Note Financing
What Happened Eva Live Inc. (GOAI) filed an 8-K (Item 8.01) reporting that on February 23, 2026 it entered into a Purchase Agreement with Streeterville Capital, LLC under which the company issued a secured convertible note with an original principal amount of $7,560,000 (the “Initial Note”). The Initial Note is convertible into common stock. The issuance of the shares underlying the Initial Note was registered on the company’s Form S-3 shelf registration (filed March 18, 2026; declared effective March 24, 2026) and a prospectus supplement was filed March 30, 2026.
Key Details
- Investor: Streeterville Capital, LLC (an accredited investor).
- Note principal: $7,560,000 (secured convertible note, convertible into common stock).
- Registration: Shares underlying the Initial Note registered under Eva Live’s Form S-3 (declared effective March 24, 2026); prospectus supplement filed March 30, 2026.
- 8-K filed March 30, 2026 (Item 8.01); the filing did not disclose full convertible terms (e.g., conversion price, maturity) in the Item 8.01 disclosure.
Why It Matters This transaction provides Eva Live with immediate financing of $7.56M, which may support operations or growth without an immediate equity sale. Because the note is convertible and the underlying shares are registered, conversion would increase the company’s outstanding common shares and could dilute existing shareholders. Investors should watch for subsequent filings or disclosures that provide the note’s specific conversion terms, maturity, collateral details, and any use of proceeds.
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