Eva Live (NASDAQ: GOAI) issues $7.56M secured convertible note to investor
Rhea-AI Filing Summary
Eva Live Inc. reports a financing transaction involving a securities purchase agreement with Streeterville Capital, LLC for a secured convertible note with an aggregate original principal amount of $7,560,000. The note is convertible into Eva Live common stock.
The shares of common stock underlying this note were registered under the company’s shelf registration statement on Form S-3, which was declared effective by the SEC on March 24, 2026, and are covered by a related prospectus supplement filed on March 30, 2026.
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Insights
Eva Live adds $7.56M in convertible debt, with shares pre-registered for potential conversion.
Eva Live Inc. entered a securities purchase agreement with Streeterville Capital, LLC for a secured convertible note with an original principal of $7,560,000. This instrument is debt today but can convert into common stock, affecting leverage and potential future dilution.
The company registered the shares underlying the note on a Form S-3 shelf that was declared effective on March 24, 2026, and detailed them in a prospectus supplement filed on March 30, 2026. This setup permits the investor to convert into stock using already-registered shares, streamlining potential future conversions and resales.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Convertible note principal: $7,560,000
Shelf registration effectiveness date: March 24, 2026
Prospectus supplement filing date: March 30, 2026
+1 more
4 metrics
Convertible note principal
$7,560,000
Aggregate original principal amount of secured convertible note
Shelf registration effectiveness date
March 24, 2026
Form S-3 shelf registration declared effective by SEC
Prospectus supplement filing date
March 30, 2026
Prospectus supplement for shares underlying note filed
Purchase agreement date
February 23, 2026
Date Eva Live entered securities purchase agreement
Key Terms
secured convertible note, securities purchase agreement, shelf registration statement on Form S-3, prospectus supplement, +1 more
5 terms
secured convertible note financial
"a secured convertible note of the Company, in the aggregate original principal amount of $7,560,000"
A secured convertible note is a loan to a company that is backed by specific assets (secured) and can be changed into company shares (convertible) instead of being paid back in cash. For investors this matters because it mixes lower risk—because collateral gives repayment priority if things go wrong—with potential upside through stock conversion, while also affecting future ownership and how much existing shareholders may be diluted.
securities purchase agreement financial
"entered into a securities purchase agreement (the “Purchase Agreement”) with Streeterville Capital, LLC"
A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.
shelf registration statement on Form S-3 regulatory
"registered pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-294416)"
A shelf registration statement on Form S-3 is a pre-approved filing with the Securities and Exchange Commission that lets an eligible public company register securities in advance and sell them later in one or more offerings without repeating the full registration process. Think of it like a pre-approved funding line: it gives management the flexibility to raise capital quickly when market conditions are right, a move that can affect share supply, dilution and investor returns, so investors monitor it as a signal of potential financing activity.
prospectus supplement regulatory
"a prospectus supplement to the base prospectus forming a part of such registration statement"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What financing did Eva Live Inc. (GOAI) report in this 8-K?
Eva Live Inc. reported a securities purchase agreement with Streeterville Capital, LLC for a secured convertible note with an aggregate original principal amount of $7,560,000. This note is debt that can be converted into Eva Live common stock under agreed terms.
Who is the investor in Eva Live’s $7,560,000 secured convertible note?
The investor is Streeterville Capital, LLC, described as an accredited investor. Eva Live Inc. agreed to sell, and Streeterville Capital agreed to purchase, the secured convertible note under a securities purchase agreement dated February 23, 2026.
How will the $7,560,000 secured convertible note affect Eva Live’s common stock?
The secured note is convertible into common stock of Eva Live Inc. If Streeterville Capital elects to convert, the company’s share count would increase, as shares are issued in place of debt, potentially diluting existing stockholders depending on conversion volume.
What additional documents are associated with Eva Live’s March 30, 2026 filing?
The filing lists an opinion of Sichenzia Ross Ference Carmel LLP as Exhibit 5.1 and a Cover Page Interactive Data File as Exhibit 104. These support the legal validity and technical formatting of the registered securities information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
