debt
confidence high
sentiment neutral
materiality 0.65
Eva Live raises $2.0M via secured convertible note with Streeterville Capital
Eva Live Inc
- Issued $2.16M initial secured convertible note (8% OID, 8% interest, 24-month maturity) to Streeterville Capital for $2.0M net proceeds.
- Conversion price set at 87% of lowest daily VWAP over 10 trading days, with floor price of $0.472 per share.
- Investor has right to purchase additional $1.25M note within 24 months on same terms.
- Proceeds to be used for working capital, general corporate purposes, and business advancement.
- Note secured by all equity interests in subsidiaries, customer accounts, and other assets per Security Agreement.