Eva Live Inc: notice claims trigger event on $9,720,000 convertible notes

What happened

• The company reported that on Oct 20, 2026 it received a letter from Streeterville Capital, LLC asserting that the securities purchase agreement the company entered into with Dune Equity Holdings LLC on Oct 2, 2026 is a "Restricted Issuance" under two secured convertible promissory notes issued to Streeterville.
• The company reported that Streeterville asserts a Major Trigger Event occurred as of Oct 2, 2026 and elected to apply the Trigger Effect under the notes, increasing the outstanding balances by 10% effective Oct 2, 2026.

Key details

• The notes consist of a Feb 23, 2026 note with original principal $7,560,000 and a Jul 23, 2026 note with original principal $2,160,000.
• The company estimates the aggregate outstanding balance would increase by approximately $741,786, from approximately $7,417,857 to approximately $8,159,643 as of Oct 2, 2026 (approximately $522,302 increase for the February note and approximately $219,483 increase for the July note); Streeterville has not confirmed these amounts.
• The notice did not include a demand to cure under Section 4.3 and Streeterville had not declared an Event of Default as of the filing date.
• The company disputes Streeterville’s assertions, reserves its rights, and is evaluating options and possible engagement with Streeterville.

Why it may matter

• The company filed this report under Item 2.04 (Triggering events that accelerate or increase a direct financial obligation), which covers notices that could accelerate or increase amounts owed under financing agreements.
• The filing states the asserted 10% increase was applied to outstanding balances but that the company disputes the assertion and the amount; it does not admit any default or liability.
• This filing does not show why the insider traded or why the company acted.