Eva Live Issues 200K Series A Preferred to CEO, Adopts Anti-Takeover Charter
GOAI sits 32% above its 52-week low of $1.42 on light trading volume (0.4× avg).
Summary
Eva Live issued 200,000 Series A Preferred shares to CEO David Boulette (convertible into 30M common shares) and adopted anti-takeover governance provisions, including Nevada control share and business combination statutes.
Key Events · Corporate Governance and Compliance · GOAI
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CEO Receives 200K Series A Preferred
On September 25, 2026, the company issued 200,000 shares of Series A Convertible Preferred Stock to CEO David Boulette under his August 17, 2026 employment agreement. Each share converts into 150 common shares, representing potential issuance of 30 million common shares.
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Anti-Takeover Charter Adopted
The Amended and Restated Articles of Incorporation filed September 23, 2026, elect Nevada's Control Share Acquisition Statute and Business Combination Statute, which restrict voting rights of acquirers of control shares and limit business combinations with 10%+ stockholders.
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Director Removal Requires 66.67% Vote
Directors may now be removed only for cause and only by a 66.67% supermajority vote of outstanding shares, making it significantly harder for shareholders to change board composition.
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Board Gains Exclusive Bylaw Authority
The amended bylaws eliminate stockholder power to amend bylaws, granting the board exclusive authority. Stockholders also lose the right to call special meetings.
Analysis · GOAI · Technology
Eva Live finalized CEO David Boulette's compensation by issuing 200,000 shares of Series A Convertible Preferred Stock, convertible into 30 million common shares at a 150:1 ratio. The company simultaneously adopted a new charter and bylaws that declassify the board but add Nevada anti-takeover statutes, require 66.67% shareholder approval to remove directors for cause, and give the board exclusive power to amend bylaws. These changes consolidate control with the board and CEO at a time when the company faces a going concern warning and a three-month cash runway.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. 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 $1.88 on NASDAQ in the Technology sector, with a market capitalization of approximately $75.2M. 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.