Eva Live Inc (GOAI) · Oct 26, 2026 · Other events
10% debt step-up asserted — 10% increase; estimated balance rises from ~$7.42M to ~$8.16M
Eva Live’s debt filing reveals a disputed 10% step-up on roughly $7.4 million of Streeterville notes after its recent Dune financing.
Eva Live is trying to evolve from an AI advertising platform into a broader operating parent built around one shared AI technology core across advertising, healthcare, defense, quantum computing and other verticals. That expansion is being funded through layered secured financing, making lender-control provisions strategically important.
The immediate issue is a disputed but material increase in debt. Streeterville says Eva Live’s October 2 Dune financing violated a restricted-issuance covenant and triggered a 10% increase on both secured notes.
| Item | Filing figure |
|---|---|
| Estimated balance before asserted step-up | ~$7.42 million |
| Estimated balance after asserted step-up | ~$8.16 million |
| Estimated increase | ~$741,786 |
| February Note increase | ~$522,302 |
| July Note increase | ~$219,483 |
This complicates the capital strategy rather than stopping it outright. The company recently took the Dune financing to support its business, but the resulting lender dispute now adds roughly $742,000 to the claimed obligations and raises the possibility of further remedies. Streeterville has reserved its rights, while Eva Live says it disputes whether the Dune transaction was restricted and whether the increase was valid. 〔0〕
The situation is serious, but it is not yet an acceleration or declared default. Eva Live says Streeterville has not issued a cure demand or declared an Event of Default. 〔1〕 That leaves the claimed step-up contested rather than settled, but the filing confirms that the company’s financing documents can directly constrain how it raises growth capital.
Bottom line: This is a new financing overhang on an already capital-dependent expansion story. The $742,000 claim is disputed and not yet a formal default, but it makes the Dune funding materially more expensive and introduces meaningful lender-enforcement risk into Eva Live’s growth plan.
Resolution of Streeterville’s notice or any cure demand
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