Eva Live CEO Gets New 5-Year Deal With Up to 150M Share Equity Award
GOAI sits 39% above its 52-week low of $1.42.
Summary
Eva Live signed a new five-year employment agreement with CEO David Boulette, including up to 1 million Series A preferred shares convertible into 150 million common shares and a $5 million severance provision.
Key Events · Executive and Board Changes · GOAI
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New CEO Employment Agreement
Five-year agreement with David Boulette replaces prior 2025 contract; base salary $800,000 with automatic 10% annual increases.
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Equity Award Up to 150M Shares
Up to 1,000,000 Series A Preferred shares convertible at 150:1 into 150,000,000 common shares; first 200,000 preferred shares (30M common) earned for Nasdaq uplisting.
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$5M Severance Provision
Lump-sum $5,000,000 payment if terminated without Cause or for Good Reason, plus pro rata bonus and COBRA reimbursement.
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Dilution Risk
Full equity award would represent significant dilution relative to current market cap; issuance subject to stockholder approval and Schedule 14C filing.
Analysis · GOAI · Technology
Eva Live replaced CEO David Boulette's 2025 employment agreement with a new five-year contract that includes a $800,000 base salary, automatic 10% annual raises, and up to 1,000,000 shares of Series A Convertible Preferred Stock convertible into 150,000,000 common shares. The equity award is tied to performance milestones, with the first 200,000 preferred shares (30M common shares) already earned for the Nasdaq uplisting completed in January 2026. The agreement also carries a $5 million severance payment if Boulette is terminated without cause or resigns for good reason. For a company with a roughly $80 million market cap and a going-concern warning, this compensation package is substantial and creates significant potential dilution for existing shareholders.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GOAI was trading at $1.98 on NASDAQ in the Technology sector, with a market capitalization of approximately $79.7M. The 52-week trading range was $1.42 to $18.00. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.