secwatch.observer — SEC 8-K summary
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Issuer:     Eva Live Inc (GOAI)
CIK:        0001983736
Form:       8-K
Filed at:   2026-10-08T01:56:11+00:00
Accession:  0001493152-26-046205
Event type: debt
Sentiment:  negative
Materiality: 0.88
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Eva Live signs $1.875M secured convertible note with Dune, issues 75,000 commitment shares
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- Eva Live agreed to sell Dune Equity Holdings a 12% secured note of up to $1,875,000 principal for up to $1,575,000, with a $300,000 original issue discount.
- First tranche: $937,500 principal for $787,500; net proceeds $747,500 after $40,000 withheld for Dune legal fees; 75,000 closing commitment shares issued.
- Dune has sole discretion to fund optional $312,500 second tranche for $262,500 and $625,000 third tranche for $525,000, with $12,500 and $25,000 legal fee withholdings.
- The note is convertible at $2.50 fixed, or 65% of the three lowest traded prices after default/failed amortization; 4.99% beneficial ownership cap; exchange cap 7,994,828 shares.
- Security agreement grants Dune collateral junior to Streeterville Capital's senior secured debt; Eva Live must seek shareholder approval within 90 days and get D&O insurance within 60 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1983736/000149315226046205/0001493152-26-046205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1983736/000149315226046205/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-046205

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