Eva Live Inc — Form 8-K
Filed August 20, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 72/100
What the filing says
Eva Live Inc. replaced its May 2025 employment agreement with David Boulette (CEO) effective August 17, 2026. New terms: $800k base salary increasing 10% annually to $1.17M by Year 5; up to 800k Series A Preferred shares (convertible 150:1 to common) earnable upon Nasdaq uplisting (already achieved Jan 2026—200k shares), Year 2 acquisition/product milestone ($5M+ threshold—200k shares), and Years 3–5 annual 30% sales growth targets (200k shares each). Termination without cause triggers $5M lump sum plus pro-rata bonus and 6 months COBRA reimbursement. Board authorized issuance of 1M Series A Preferred shares with liquidation preference, conversion rights, and majority-holder voting protection on anti-dilution matters.
Why this rating
Material capital commitment ($5M severance + equity upside of ~120M shares if fully vested, ~4.3% dilution at typical conversion) relative to $51M market cap. Ambitious but performance-gated equity structure. Already-achieved Nasdaq uplisting reduces near-term surprise. Severance burden is significant but contingent on termination. Governance protections favor preferred holders. No immediate cash outlay; equity-heavy. Moderate positive (incentive alignment) offset by execution risk on $15M+ revenue and M&A targets.
See more from August 20, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.