Eva Live Registers 5.275M Shares for $10M Hudson Equity Line at $2.00
GOAI is trading near its 52-week low of $1.42 (5.6% above the low) on light trading volume (0.1× avg).
Summary
Eva Live registered up to 5.275M shares for its $10M Hudson equity line at a fixed $2.00 per share, quantifying dilution and exchange-cap limits for the first time. Proceeds are partly exposed to the secured Streeterville and Dune notes, and Streeterville never consented to the arrangement.
Key Events · Financing and Capital Events · GOAI
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Hudson Equity Line Registered
The prospectus covers up to 5,275,000 shares: 5,000,000 Put Shares sellable to Hudson at a fixed $2.00 and 275,000 warrant shares at a $0.01 strike, for up to $10,002,750 gross.
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Dilution Quantified
Full use would take shares outstanding from 40,515,433 to 45,790,433; the filing states $1.40 per-share dilution to new buyers versus $0.60 as-adjusted net tangible book value.
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Exchange Cap Limits Sales
Issuance is capped at 7,994,828 shares (19.99% of shares outstanding) without stockholder approval under Nasdaq Rule 5635(d); each Put Notice is limited to the lesser of 200% of average daily trading value or $15,000-$500,000.
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Secured Lenders Can Claim Proceeds
Dune may require up to 50% of cash proceeds applied to its note, and Streeterville may seek to block share issuance unless 50% of gross proceeds go to its notes; the company did not obtain Streeterville's consent to the Hudson agreement.
Analysis · GOAI · Technology
Hard numbers now attach to the Hudson equity line first announced on September 23. Eva Live can sell up to 5,000,000 new shares to Hudson at a fixed $2.00, plus 275,000 warrant shares at a $0.01 strike — up to $10.0M of gross proceeds for a company that reported a $10.3M first-half loss and roughly three months of cash runway. Because the fixed $2.00 price sits above today's $1.50, any draw would issue stock at a premium to the current market; the trade-off is that full use would lift the share count from 40.5M to 45.8M, and the filing itself puts dilution to new buyers at $1.40 per share. Two constraints matter: sales are capped at 7,994,828 shares without a shareholder vote, and the secured Streeterville and Dune notes can claim up to half of any proceeds. The company also admits it never got Streeterville's consent to the Hudson deal, which leaves open a default claim.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 29.4% of the 1386 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. 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 $1.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $60M. 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.