Eva Live Inc. is confronting a potential increase in its debt obligations following a claim from Streeterville Capital, LLC. The company received a notice asserting that a triggering event had occurred, which could raise the outstanding balance of its secured convertible promissory notes by approximately $741,786. This development is critical as it underscores the financial risks associated with convertible debt arrangements in the computer programming and data processing sector.

Background

Eva Live Inc. operates in the services sector, specifically under the SIC code 7370, which encompasses computer programming and data processing. The company trades under the ticker GOAI on the Nasdaq exchange. Recently, it has been active in securing financing through convertible promissory notes, with significant transactions occurring in February and July of this year.

What the Filing Says

According to the recent SEC filing dated October 26, 2026, Eva Live disclosed that on October 20, 2026, it received a letter from Streeterville Capital. The letter states that a securities purchase agreement entered into with Dune Equity Holdings LLC is considered a "Restricted Issuance" under the terms of the company's notes. Streeterville claims that it did not provide the necessary consent for this transaction, leading to a declaration of a Major Trigger Event.

The notice indicates that the outstanding balance of each note will increase by 10%, effective from October 2, 2026. Eva Live estimates that this will raise the total outstanding balance from approximately $7,417,857 to about $8,159,643, affecting both the February and July notes.

Impact

This situation may have significant implications for Eva Live Inc. and its stakeholders, including investors and creditors. The increase in debt obligations could strain the company's financial resources and limit its ability to secure additional funding in the future. Furthermore, the dispute over the validity of the triggering event may lead to legal proceedings, adding further uncertainty to the company's financial outlook.

What's Next

The filing does not specify what happens next. However, Eva Live has indicated that it disputes the assertions made by Streeterville and is evaluating its options, which may include negotiations or legal actions to contest the claims. The outcome of this dispute will be crucial for the company's financial health and operational strategies moving forward.