This is a routine resale registration that does not raise new capital for the company. The 960,000 shares represent ~2.4% of outstanding shares and are held by the CEO, who already controls ~75.6% of the voting power. The registration itself is not a material event, but monitor for actual sales by the CEO, which could increase public float modestly. The company's more significant capital structure concerns are its heavy debt load (Streeterville, Dune, 1800 Diagonal notes) and the $10M ELOC with Hudson Global Ventures, which could lead to future dilution if drawn.
Price Chart
Executive Summary
Eva Live Inc. filed an S-3 registration statement to register 960,000 shares of common stock for resale by CEO David Boulette, who received the shares in connection with the company's 2021 reverse merger acquisition of EvaMedia Corp. The company will not receive any proceeds from the resale. The filing is a routine resale registration with no new capital raise for the company, but it enables the CEO to sell a portion of his holdings, which could create overhang.
Key Facts
- Registers 960,000 shares of common stock for resale by CEO David Boulette
- Shares were issued in connection with the 2021 reverse merger acquisition of EvaMedia Corp.
- Company will not receive any proceeds from the sale
- As of October 13, 2026, there were 40,515,433 shares outstanding
- CEO David Boulette beneficially owns approximately 75.6% of common stock (including 30,000,000 shares issuable upon conversion of Series A Preferred Stock)
- After selling all 960,000 shares, Boulette would beneficially own 52,324,225 shares (74.20%)
- The 960,000 shares represent approximately 2.4% of current outstanding shares
- Company has a going concern qualification in its audited financial statements
- Company has significant debt including Streeterville Notes (~$5.2M outstanding) and Dune Note ($1.875M principal)
- Company entered into an Equity Line of Credit with Hudson Global Ventures for up to $10M on September 17, 2026
Financial Impact
At the October 15, 2026 closing price of $1.68 per share, the 960,000 shares being registered have a market value of approximately $1.6 million. The company receives no proceeds.
Risk Factors
- Potential overhang from CEO's ability to sell 960,000 shares into the market
- Company has a going concern qualification and needs additional capital
- Heavy debt load with secured convertible notes (Streeterville ~$5.2M, Dune $1.875M) that could convert into common shares and cause dilution
- Equity line of credit with Hudson Global Ventures could result in significant dilution if fully utilized
- CEO controls majority of voting power, limiting minority shareholder influence
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-3 Filing (Primary) | 0001493152-26-047437 |
| Exhibit: ex107.htm | 0001493152-26-047437 |
| Exhibit: ex5-1.htm | 0001493152-26-047437 |
| Exhibit: ex23-1.htm | 0001493152-26-047437 |
| Document: 0001493152-26-047437-index-headers.html | 0001493152-26-047437 |
| Document: 0001493152-26-047437-index.html | 0001493152-26-047437 |
| Document: 0001493152-26-047437.txt | 0001493152-26-047437 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | — | awaiting T+20 | — | — |
Oct 23, 2026 3d ago | EFFECT | $1.36 | awaiting T+20 | — | $1.01 (+25.55%) |
Oct 19, 2026 7d ago | 8-K | $1.44 | awaiting T+20 | — | $1.01 (+29.69%) |
Oct 19, 2026 7d ago | 424B5 | $1.44 | awaiting T+20 | — | $1.01 (+29.69%) |
Oct 16, 2026 10d ago | S-3 | $1.50 | awaiting T+20 | — | $1.01 (−32.50%) |
Oct 7, 2026 18d ago | 8-K | $1.73 | awaiting T+20 | — | $1.01 (+41.47%) |
Sep 29, 2026 27d ago | Press Release | $1.88 | awaiting T+20 | — | $1.01 (−46.14%) |
Aug 20, 2026 9w ago | 8-K | $2.23 $1.75 | ▲ +21.52% | ▲ +21.00% | $1.01 (+54.60%) |
Aug 11, 2026 10w ago | 8-K | $1.68 $2.93 | ▲ +74.40% | ▲ +76.30% | $1.01 (−39.73%) |
Jul 20, 2026 14w ago | Press Release | $2.36 $1.69 | ▼ −28.39% | ▼ −32.51% | $1.01 (−57.10%) |
US Market Status
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