Eva Live, Inc. (GOAI) announced on March 3 2026 that it has secured a secured convertible note financing from Streeterville Capital. The note has an original principal amount of $7,560,000, with expected gross proceeds of $7.0 million at closing, and gives Streeterville the option to purchase up to an additional $4,320,000 in principal.
The financing carries an 8% interest rate, matures in 24 months, and is convertible into common stock at 87% of the lowest 10‑day VWAP, with a minimum conversion price of $0.90 per share. The note is secured, providing the lender priority over other unsecured creditors.
Management said the proceeds will be used to accelerate the development of the company’s NeuroServer and FastQuoteDirect AI platforms, expand distribution channels, and capture additional market share in the AI‑driven advertising and quoting space. The capital will also support expanded engineering resources, platform enhancements, and targeted marketing initiatives.
Eva Live’s recent financial performance shows strong growth: in the first half of 2025 the company generated $7.82 million in revenue, up 77% year‑over‑year, and reported a net income of $4.62 million. In Q3 2025 revenue was $4.91 million, a 147.9% increase from the prior year, with a net income of $1.8 million and net margins of 49.9%.
CEO David Boulette emphasized disciplined growth and long‑term shareholder value, noting that the new financing will help the company scale its AI platform capabilities and diversify beyond its existing ad‑arbitrage model.
The financing positions Eva Live to compete more effectively against larger DSP competitors, while also mitigating concentration risk by broadening its customer base and accelerating product innovation.
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