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EVA Live Increases Ownership Interest to 51% in Spiro Senior Living Following Successful Launch of Initial Healthcare and Technology Operations Tapping 1.3 Trillion Dollar Industry

(Positive)
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EVA Live (NASDAQ: GOAI) reached terms for a definitive agreement to acquire a 51% ownership interest in Spiro Senior Living and related entities, with documentation expected around July 1. The deal would give EVA a controlling stake in Spiro’s healthcare operations and AI-driven technology platform.

Spiro has opened three senior healthcare facilities that are treating patients daily and generating revenue exceeding internal expectations. Through its Meridian Senior Living relationship and unified AI-enabled engagement ecosystem, EVA targets recurring revenue, scalable national expansion, and participation in a $1.3 trillion senior care industry.

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Positive

  • Definitive terms for 51% controlling interest in Spiro Senior Living
  • Three senior healthcare facilities open and generating revenue above expectations
  • AI-enabled platform targeting recurring software, integration, and digital care revenue
  • Expansion pathway via Meridian Senior Living relationship and national rollout plans
  • Spiro management taking EVA equity, aligning incentives with GOAI shareholders

Negative

  • Transaction remains subject to final documentation, introducing completion uncertainty

News Market Reaction – GOAI

-12.87%
5 alerts
-12.87% Session close to close
-6.4% Trough in 6 hr 39 min
$99.38M Market Cap
0.9x Rel. Volume

In the Jun 12 session, GOAI declined 12.87%, reflecting a significant negative market reaction. Argus tracked a trough of -6.4% from its starting point during tracking. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -12.9% in the session following this news. A negative reaction despite this announ...
Analysis

The stock dropped -12.9% in the session following this news. A negative reaction despite this announcement would fit a pattern where several constructive AI and deal updates, such as the Psquared LOI and Eva Brain launch, saw post-news declines. The move to a 51% controlling interest in Spiro Senior and focus on a $1.3 trillion senior-care market deepen the strategic pivot. Any weakness could reflect concerns about execution, integration, or future financing needs under the existing $250,000,000 shelf.

Key Figures

Spiro ownership: 51% interest Industry size: $1.3 trillion Operating facilities: 3 facilities +1 more
4 metrics
Spiro ownership 51% interest Definitive agreement terms for Spiro Senior Living and related entities
Industry size $1.3 trillion Senior care and related healthcare/technology market referenced in the release
Operating facilities 3 facilities Spiro Senior healthcare locations currently open and treating patients daily
Transaction timing On or about July 1 Expected completion date for final documentation of the agreement

Historical Context

5 past events · Latest: Jun 10 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jun 10 Acquisition LOI Positive -9.9% Non-binding LOI to acquire Psquared to expand AI performance marketing.
Jun 05 Product launch Positive -2.3% Launch of FastQuoteDirect AI consumer engagement platform in large services market.
May 27 Senior-care deal Positive +10.9% LOI for strategic partnership and 25% equity stake in Spiro Senior.
Apr 28 AI agent launch Positive -2.2% Launch of Eva Brain autonomous AI marketing agent and strong 2025 results.
Mar 30 Tokenization plan Positive +8.6% Engagement of Anderson Kill P.C. for Nasdaq tokenization strategy for GOAI.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent history shows several positive AI and strategic announcements followed by negative price reactions, with only some partnership news driving gains.

Recent Company History

Over the past several months, EVA Live has announced multiple AI launches and strategic deals, including Eva Brain with $17,037,328 2025 revenue and $8,127,313 net income on Apr 28, and a senior-care partnership with Spiro on May 27 that lifted shares 10.91%. Other AI platform launches and an LOI to acquire Psquared on Jun 10 saw negative next-day moves. Today’s move to a 51% Spiro stake builds directly on the May 27 senior-care partnership.

Key Terms

equity compensation
1 terms
equity compensation financial
"“The partnership with EVA Live through equity compensation reflects our strong belief in GOAI"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LOS ANGELES, CA, June 12, 2026 (GLOBE NEWSWIRE) -- EVA Live, Inc. (NASDAQ: GOAI) today announced it has reached terms for a definitive agreement under which EVA will hold a 51% ownership interest across Spiro Senior Living and related operating entities, subject to final documentation expected to be completed on or about July 1.

The transaction establishes EVA’s controlling interest in Spiro Senior’s healthcare operations, technology platform, digital infrastructure, and future growth initiatives, aligning both organizations for accelerated national expansion.

Spiro Senior has opened its first three senior healthcare facilities and is actively expanding through its relationship with Meridian Senior Living. Management expects continued facility expansion on a recurring basis, creating a scalable pathway for national growth. Currently all three facilities are treating patients daily and the business is generating revenue exceeding expectations.

“Reaching terms on this structure represents an important milestone for EVA and its shareholders,” said David Boulette, CEO of EVA Live. “Spiro provides EVA with resources to assist in rapid and controlled growth in the senior living market, creating new opportunities for and long-term value creation.”

Management believes fragmented communication systems in senior care present a significant inefficiency, and EVA intends to address this through a unified AI-enabled engagement ecosystem designed to improve coordination, communication, and quality of care. The platform is expected to generate recurring revenue through software subscriptions, healthcare integrations, and digital care services while improving patient outcomes, increasing family engagement, and reducing unnecessary hospitalizations.

“The partnership with EVA Live through equity compensation reflects our strong belief in GOAI and its long-term potential,” said Chris Fox, CEO of Spiro. “We are choosing to participate in EVA Live as shareholders because we see significant upside in the company’s vision and want to be aligned as long-term partners in its growth.”

Together, EVA Live and Spiro Senior are building a scalable healthcare and technology platform designed to drive recurring revenue, expand operating locations, and leverage artificial intelligence to improve care delivery. As rollout across Meridian communities continues, management believes the partnership has the potential to create meaningful growth opportunities while establishing a leading position in the rapidly expanding senior healthcare market.

About EVA Live, Inc.

EVA Live, Inc. (Nasdaq: GOAI) is an artificial intelligence-driven technology company focused on digital advertising automation, intelligent quoting solutions, and data-driven customer acquisition. The company’s proprietary platforms enable businesses to automate marketing decisions, improve efficiency, and scale customer engagement through real-time AI optimization.

About Spiro Senior

Spiro Senior is an integrated senior healthcare and wellness platform focused on redefining the aging experience through advanced clinical services, artificial intelligence, and real-time care coordination. Combining on-site primary and specialty care with a proprietary AI-powered companion application, Spiro delivers a proactive “treat-in-place” model designed to improve resident outcomes, reduce unnecessary hospitalizations, and enhance overall wellspan — the quality, independence, and cognitive strength of life as people age.

The Spiro platform connects residents, families, caregivers, and medical providers through real-time health insights, predictive analytics, coordinated communication tools, and personalized wellness programs. By integrating digital health intelligence with senior living operations, Spiro is creating a more transparent, connected, and technology-driven model of senior care designed to meet the growing demands of the aging baby boomer population.

About Meridian Senior

Meridian Senior Living is a leading senior housing operator providing compassionate care and enriching lifestyle services to older adults across the United States. With communities in more than 15 states, Meridian delivers a full continuum of senior living options including independent living, assisted living and memory care services. Guided by a mission to “enrich lives” and create extraordinary daily experiences, the organization focuses on personalized care, innovative programming, and strong community engagement that supports residents’ wellbeing, independence, and quality of life.

Cautionary Note Regarding Forward-Looking Statements.

This press release contains “forward-looking statements” within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included herein, including but not limited to such things as future business strategy, plans, and goals, and the expansion and growth of our business. The words “estimate”, “plan”, “anticipate”, “expect”, “intend”, “believe” “target”, “budget”, “may”, “can”, “will”, “would”, “could”, “should”, “seeks”, or “scheduled to” and similar words or expressions, or negatives of these terms or other variations of these terms or comparable language or any discussion of strategy or intention identify forward-looking statements. Please see the risk factors included in the Company’s United States Securities and Exchange Commission filings, which could cause actual results and events to differ materially from those contained in the forward-looking statements. You are cautioned against attributing undue certainty to forward-looking statements. Although these forward-looking statements were based on assumptions that the Company believes are reasonable when made, you are cautioned that forward-looking statements are not guarantees of future performance and that actual results, performance, or achievements may differ materially from those made in or suggested by the forward-looking statements in this press release. Any forward-looking statements made in this press release speak only as of the date of those statements. We undertake no obligation to update those statements or publicly announce the results of any revisions to any of those statements to reflect future events or developments.

Media Inquiries:
Javan Khazali
Phone: 310-229-5981
Email: info@eva.live

Website: @eva.live
Instagram: @eva.liveinc
Facebook: @evaliveinc
X: @evaliveinc1
LinkedIn: @eva-live
Youtube: @evaliveinc


FAQ

What did EVA Live (NASDAQ: GOAI) announce about its ownership in Spiro Senior Living on June 12, 2026?

EVA Live announced terms to hold a 51% ownership interest in Spiro Senior Living and related entities. According to EVA Live, this definitive agreement, pending final documentation around July 1, would provide a controlling stake in Spiro’s healthcare operations and technology platform.

How many senior healthcare facilities does Spiro Senior Living currently operate under the GOAI partnership?

Spiro Senior Living has opened three senior healthcare facilities that are treating patients daily. According to EVA Live, these locations are already generating revenue that exceeds internal expectations and form the initial base for a scalable, recurring expansion strategy with Meridian Senior Living.

How does the EVA Live and Spiro Senior Living deal aim to generate recurring revenue for GOAI shareholders?

The partnership targets recurring revenue through software subscriptions, healthcare integrations, and digital care services. According to EVA Live, its AI-enabled engagement ecosystem is designed to unify communication in senior care, support recurring revenue streams, and improve patient outcomes and family engagement.

What role does artificial intelligence play in EVA Live’s strategy with Spiro Senior Living (GOAI)?

Artificial intelligence underpins a unified engagement ecosystem for senior care communication and coordination. According to EVA Live, this AI-enabled platform seeks to improve care quality, reduce unnecessary hospitalizations, and support recurring revenue via digital services across a growing senior healthcare footprint.

How does the Meridian Senior Living relationship support EVA Live’s national growth plans with GOAI?

The Meridian Senior Living relationship provides a channel for recurring facility expansion across senior communities. According to EVA Live, ongoing rollout in Meridian locations is expected to create a scalable pathway for national growth in the senior healthcare market alongside Spiro’s operating platform.

Why is Spiro Senior Living’s management accepting equity compensation in EVA Live (NASDAQ: GOAI)?

Spiro’s leadership chose equity compensation to align with EVA Live’s long-term growth. According to EVA Live, Spiro’s CEO stated a strong belief in GOAI’s vision and upside potential, preferring to participate as shareholders and long-term partners in the combined platform.