Eva Live CEO Gets Up to 150M Shares in New Comp Plan, Plus $5M Severance
GOAI sits 39% above its 52-week low of $1.42.
Summary
Eva Live's controlling CEO approved a new compensation package for himself worth up to 150 million common shares and a $5 million severance, plus governance changes that entrench the board.
Key Events · Corporate Governance and Compliance · GOAI
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CEO Awards Himself Up to 150M Shares
New employment agreement grants CEO David Boulette up to 1,000,000 Series A Preferred shares, each convertible into 150 common shares — up to 150,000,000 common shares, nearly 4x the current 39,994,140 outstanding.
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Year-One Milestone Already Earned
The Nasdaq uplisting milestone was completed January 28, 2026, so 200,000 preferred shares (30,000,000 common shares) will be issued once the 20-day waiting period and Certificate of Designation filing are complete.
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$5M Severance Package
CEO is entitled to a $5,000,000 lump-sum severance payment if terminated without cause or for good reason, plus pro rata bonus and COBRA reimbursement.
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New Equity Incentive Plan
2026 Equity Incentive Plan reserves 2,000,000 common shares for employees, directors, and consultants, with no awards granted yet.
Analysis · GOAI · Technology
The controlling stockholder (CEO David Boulette, 58.12% voting power) approved a new equity incentive plan and a new employment agreement for himself. The agreement grants up to 1,000,000 shares of Series A Preferred Stock, each convertible into 150 common shares — up to 150,000,000 common shares, nearly four times the current 39,994,140 outstanding. The year-one milestone (Nasdaq uplisting) is already earned, so 200,000 preferred shares (30,000,000 common shares) will be issued once the 20-day waiting period and Certificate of Designation filing are complete. The agreement also includes a $5,000,000 lump-sum severance payment. The amended articles add anti-takeover provisions and make director removal harder, consolidating control.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. 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 8 out of 10.