Eva Live Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Eva Live Inc. (Nevada) on February 4, 2025, with the report date finalized on February 10, 2025. The Company is an emerging growth company trading on the OTC Markets under the symbol "GOAI". The filing primarily addresses a corporate restructuring event involving the Company's capital structure.
Key Financial Metrics
The filing does not provide specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on capitalization changes. Key capitalization metrics reported include:
- Pre-Split Outstanding Shares: 125,364,737
- Post-Split Outstanding Shares: 31,341,185
- Authorized Common Stock: Increased to 300,000,000 shares
- Authorized Preferred Stock: Increased to 5,000,000 shares
- Total Authorized Shares: 305,000,000
Material Changes
The Company effected a 1-for-4 reverse stock split and amended its Articles of Incorporation. The reverse split reduced the number of issued and outstanding shares by 75%, combining every four shares into one. No fractional shares were issued; shareholders entitled to fractional shares received one whole share instead. The Company's percentage ownership interests remained unchanged except for rounding adjustments. The new CUSIP number is 298892209.
Outlook, Risks, and Management Commentary
Trading of the Company's Common Stock commenced on a reverse stock split-adjusted basis on February 11, 2025, on the OTC Markets. The trading symbol remains "GOAI". The Transfer Agent, Direct Transfer, LLC, is acting as the exchange agent. Stockholders holding shares in brokerage accounts ("street name") are not required to take action. The filing does not contain forward-looking guidance, risk factors, or management commentary regarding future financial performance.
Investor Verification Checklist
- Verify the new CUSIP number (298892209) with your brokerage to ensure proper account adjustment.
- Confirm the adjusted share count in your brokerage account reflects the 1-for-4 split ratio.
- Review the Certificate of Amendment (Exhibit 3.1) for details on the new authorized share structure.
- Monitor the OTC Markets for trading activity under the "GOAI" symbol post-February 11, 2025.