Eva Live receives letter asserting Dune deal is restricted issuance
GOAI•Eva Live said Streeterville asserted that the Dune deal was a restricted issuance and applied a 10% trigger effect, increasing the outstanding note balance by $741,786 to $8.16 million as of Oct. 2, 2026.
1. Note balance increases
Eva Live said it received a letter on Oct. 20 asserting that its Dune deal was a restricted issuance because Streeterville had not given required prior written consent. Streeterville applied a 10% trigger effect under the notes, increasing their outstanding balance by $741,786 to $8.16 million as of Oct. 2, 2026. Eva Live said Streeterville had not delivered a demand to cure or declared an event of default as of Oct. 20.
