Eva Live Secures $7M in Highly Dilutive Convertible Note Financing with Broad Asset Security
GOAI has more than doubled off its 52-week low of $1.323.
Summary
Eva Live Inc. has entered into a highly dilutive and restrictive $7.56 million secured convertible note agreement, providing $7.0 million in gross proceeds, with terms that include a floating conversion price and a broad security interest in company assets.
Key Events · Financing and Capital Events · GOAI
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Secured Convertible Note Agreement
Eva Live Inc. secured $7.0 million in gross proceeds from a $7.56 million secured convertible note with Streeterville Capital, LLC, with an option for an additional $4.32 million in principal.
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Highly Dilutive Terms
The note is convertible at 87% of the lowest daily VWAP over a 10-day period, with a floor price of $0.90, indicating significant potential dilution for existing shareholders.
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Broad Security Interest
The note is secured by a comprehensive lien on substantially all company assets, including equity interests in subsidiaries, intellectual property, and accounts receivable.
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Contradicts Prior Statement
This financing follows a recent 8-K filing on February 10, 2026, where the company withdrew its S-1 registration, implying no immediate need for dilutive capital.
Analysis · GOAI · Technology
This 8-K reveals a critical and concerning financing event for Eva Live Inc. The company has secured $7.0 million in gross proceeds through a $7.56 million secured convertible note, with an option for an additional $4.32 million. While providing much-needed capital for working capital and business objectives, the terms are highly unfavorable to existing shareholders. The conversion price, set at 87% of the lowest daily VWAP with a $0.90 floor, is a "death spiral" mechanism that can lead to substantial dilution if the stock price declines. Furthermore, the note is secured by a broad lien on virtually all company assets, including intellectual property and subsidiary equity, which is a significant red flag indicating potential financial distress or a desperate need for capital. This transaction directly contradicts the company's recent withdrawal of its S-1 registration statement on February 10, 2026, which had signaled no immediate need for dilutive capital. The extensive trigger events, high default interest, and prepayment penalty further highlight the restrictive nature of this financing. Investors should be aware of the substantial dilution risk and the significant control granted to the lender through the security agreement.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 41.1% of the 372 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.38%. 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 $5.03 on NASDAQ in the Technology sector, with a market capitalization of approximately $157.7M. The 52-week trading range was $1.32 to $48.80. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.