CEO David Boulette Finalizes Up to 150M Share Award in Definitive 14C
GOAI sits 58% above its 52-week low of $1.42.
Summary
Eva Live's controlling CEO finalized a compensation package worth up to 150 million common shares, alongside new anti-takeover provisions and an equity incentive plan, while the company faces a going concern warning.
Key Events · Executive and Board Changes · GOAI
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CEO Awards Himself Up to 150M Shares
David Boulette, controlling 58.12% owner, approved a package of up to 1,000,000 Series A Preferred shares, each convertible into 150 common shares — up to 150 million common shares, versus 39.99 million currently outstanding.
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Year 1 Milestone Already Earned
200,000 preferred shares (30 million common shares) vest immediately for the Nasdaq uplisting completed January 28, 2026, subject to a 20-day waiting period and Certificate of Designation filing.
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New Employment Agreement Terms
Five-year agreement with $800,000 base salary, automatic 10% annual increases to $1,171,280 by Year 5, and a $5 million lump-sum severance for termination without Cause or for Good Reason.
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Anti-Takeover Provisions Added
Amended Articles adopt Nevada Control Share Acquisition and Business Combination statutes, require 66.67% vote for director removal, and grant board exclusive authority over bylaws.
Analysis · GOAI · Technology
Controlling shareholder and CEO David Boulette, who holds 58.12% of voting power, has locked in a compensation package worth up to 150 million common shares through Series A Preferred Stock — a potential 375% increase over the current 39.99 million shares outstanding. The package includes an $800,000 base salary with automatic 10% annual increases, a $5 million severance payment, and immediate vesting of 200,000 preferred shares (30 million common shares) for the already-completed Nasdaq uplisting. This comes as the company reported a $10.3 million net loss and a three-month cash runway in its most recent 10-Q, raising governance concerns about self-dealing by a controlling insider during financial distress.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 37.9% of the 895 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.87%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, GOAI was trading at $2.25 on NASDAQ in the Technology sector, with a market capitalization of approximately $92M. The 52-week trading range was $1.42 to $18.00. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.