Watch for any escalation from Streeterville, including a demand to cure or declaration of an Event of Default, which could accelerate the full principal and trigger conversion rights. The company's ability to service or refinance this debt is key given its $62M market cap.
Price Chart
Executive Summary
Eva Live Inc. received a notice from Streeterville Capital asserting that the company's October 2026 transaction with Dune Equity Holdings triggered a Major Trigger Event under two secured convertible promissory notes. Streeterville has applied a 10% increase to the outstanding balance of the notes, which the company estimates will add approximately $741,786, raising the aggregate balance from ~$7.4M to ~$8.2M. Eva Live disputes the notice and has not admitted any default, but the dispute introduces uncertainty around the company's financial obligations.
Key Facts
- Eva Live issued a $7.56M secured convertible note to Streeterville on Feb 23, 2026, and a $2.16M note on July 23, 2026.
- On Oct 20, 2026, Streeterville sent a notice asserting that the Dune Equity Holdings transaction (Oct 2, 2026) was a Restricted Issuance requiring prior written consent.
- Streeterville applied a 10% Trigger Effect increase to the outstanding balance of both notes, effective Oct 2, 2026.
- The company estimates the increase at ~$741,786, raising the aggregate balance from ~$7,417,857 to ~$8,159,643.
- Streeterville has not yet declared an Event of Default or delivered a demand to cure.
- Eva Live disputes the notice and reserves all rights to contest the asserted increase.
Financial Impact
Aggregate outstanding balance of the notes increased by approximately $741,786 (10%) to ~$8.16M, per company estimate.
Risk Factors
- Potential acceleration of the full ~$8.2M note balance if Streeterville declares an Event of Default.
- Dilution risk if Streeterville converts the notes into common stock at a discount.
- Legal costs and management distraction from disputing the notice.
- Going-concern risk if the company cannot meet its obligations or refinance.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-048572 |
| Document: 0001493152-26-048572-index-headers.html | 0001493152-26-048572 |
| Document: 0001493152-26-048572-index.html | 0001493152-26-048572 |
| Document: 0001493152-26-048572.txt | 0001493152-26-048572 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 8-K | $1.02 | awaiting T+5 | — | $1.01 (+0.77%) |
Oct 23, 2026 4d ago | EFFECT | $1.36 | awaiting T+5 | — | $1.01 (+25.74%) |
Oct 19, 2026 8d ago | 8-K | $1.44 $0.9900 | ▲ +31.25% | ▲ +31.28% | $1.01 (+29.86%) |
Oct 19, 2026 8d ago | 424B5 | $1.44 $0.9900 | ▲ +31.25% | ▲ +31.28% | $1.01 (+29.86%) |
Oct 16, 2026 11d ago | S-3 | $1.50 $1.07 | ▼ −28.79% | ▼ −28.64% | $1.01 (−32.67%) |
Oct 7, 2026 19d ago | 8-K | $1.73 $1.68 | ▲ +2.89% | ▲ +2.61% | $1.01 (+41.62%) |
Sep 29, 2026 28d ago | Press Release | $1.88 $1.80 | ▼ −4.26% | ▼ −6.20% | $1.01 (−46.28%) |
Aug 20, 2026 9w ago | 8-K | $2.23 $2.07 | ▲ +7.17% | ▲ +7.65% | $1.01 (+54.71%) |
Aug 11, 2026 11w ago | 8-K | $1.68 $1.76 | ▲ +4.76% | ▲ +5.21% | $1.01 (−39.88%) |
Jul 20, 2026 14w ago | Press Release | $2.36 $1.91 | ▼ −19.07% | ▼ −18.64% | $1.01 (−57.20%) |
US Market Status
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