debt
confidence high
sentiment neutral
materiality 0.65
Eva Live issues $7.56M secured convertible note to Streeterville Capital
Eva Live Inc
- Initial note principal $7.56M with 8% original issue discount; net proceeds $7.0M for working capital and corporate purposes.
- Conversion price at 87% of lowest daily VWAP over 10 trading days; floor price $0.90; note matures in 24 months at 8% interest.
- Streeterville has option to purchase up to $4.32M in additional notes within 24 months under identical terms.
- Note secured under Security Agreement covering equity interests in subsidiaries, customer accounts, and other assets.
- Maxim Group served as placement agent, receiving 5.75% cash fee on gross proceeds.
item 1.01item 2.03item 3.02item 9.01