Eva Live Inc — Form 8-K
Filed July 23, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 72/100
What the filing says
Eva Live Inc. issued a $2,160,000 secured convertible promissory note to Streeterville Capital, LLC (Utah LLC), dated July 23, 2026, with a 24-month maturity. The note carries 8% annual interest, $160,000 original issue discount, and converts to common shares at 87% of 10-day VWAP (floor price = 20% of NASDAQ closing price on purchase date). Lender has broad trigger-event and redemption rights; collateral includes all company assets. Company must reserve 3,000,000 common shares for conversion; lender may purchase an additional $1.25M note within 24 months.
Why this rating
Debt = 3.9% of $51.1M market cap; highly dilutive conversion, broad default triggers, and aggressive lender protections significantly constrain financial and operational flexibility.
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