Eva Live Inc

Eva Live Inc.'s wholly owned subsidiary, Eva Defense Inc., has partnered with Boumarang Inc. to develop a resilient communications unmanned aircraft system (UAS). Eva Defense will fund a twelve-month development program with a $1.2 million commitment, paid monthly. This initiative is part of Eva Live's broader strategy to establish Eva Defense as a leader in advanced autonomous defense technologies, targeting a sub-55-pound jam-resistant drone for contested environments.

Eva Live Inc. announced that its wholly owned subsidiary, Eva Defense Inc., has entered into a development agreement with Boumarang Inc. to create a resilient communications unmanned aircraft system (UAS). Eva Defense will fund a twelve-month development program with a commitment of $1.2 million, paid monthly. This initiative is a key step in Eva Live's broader strategy to build Eva Defense into a leading developer of advanced autonomous defense technologies, targeting a defense drone market projected to exceed $20 billion by 2030.

Eva Live Inc. reported a net loss of $1.75 million for the second quarter of 2026, a significant decline from a net income of $2.63 million in the prior year period, despite a slight increase in revenue to $4.20 million. For the six months ended June 30, 2026, the company posted a net loss of $10.31 million. Strategically, Eva Live formed a new subsidiary, Eva Defense Inc., and entered into non-binding letters of intent to acquire Psquared Inc. and Airbeam Wireless Technologies Inc., while discontinuing the Spiro Senior Care transaction. The company also settled $3.0 million of debt with Psquared in exchange for a 10% equity stake.

Eva Live Inc. announced the formation of the Eva Defense Inc. Advisory Board and the appointment of General Robert Brooks Brown (U.S. Army, Ret.) and Ross Mandel as its first two members. This strategic move marks the beginning of Eva Defense leveraging Eva Live’s artificial intelligence technology for the defense sector. The advisory board will play an active role in directing product development to meet military-grade standards and future needs of government and defense customers, aiming to build an integrated ecosystem of AI-enabled drone, autonomous software, and resilient communications technologies.

Eva Live Inc. has entered into a Securities Purchase Agreement with Streeterville Capital, LLC to sell a secured convertible note with an aggregate original principal amount of $2,160,000. The company will receive gross proceeds of $2.0 million, which it intends to use for working capital, general corporate purposes, and business objectives. The Initial Note includes an 8% original issue discount, bears 8% annual interest, and matures in 24 months, with a conversion price tied to VWAP and a floor of $0.472. The agreement also grants the investor the right to purchase an additional $1,250,000 note and includes various investor-friendly terms such as prepayment penalties and default triggers.

Eva Live Inc. announced it has signed a Letter of Intent to acquire a controlling 51% interest in Airbeam Wireless Technologies Inc., with an option to acquire the remaining 49%. The transaction values Airbeam at approximately $16 million. This acquisition is expected to accelerate Eva Defense's vision for autonomous drone swarms, resilient military communications, smart cities, and future space infrastructure by integrating Airbeam's advanced millimeter-wave semiconductor technology and over 260 patents.

Eva Live Inc., through its subsidiary Eva Defense Inc., announced the formation of a dedicated internal cybersecurity task force. This task force is charged with aggressively pursuing acquisitions and partnerships in the AI-powered digital defense sector, focusing on areas like AI-driven threat detection and automated incident response. CEO David Boulette emphasized the company's commitment to an "offensive" strategy, aiming to consolidate the fragmented cybersecurity market and build a leading platform.

Eva Live Inc. announced the formation of its first wholly-owned subsidiary, Eva Defense Inc., on June 16, 2026. This strategic initiative aims to pursue acquisitions and partnerships within the rapidly growing drone, autonomous systems, and defense technology sectors. The new subsidiary will focus on identifying and acquiring companies involved in drone technologies, AI applications, and defense-related innovations, leveraging Eva Live's AI capabilities to create long-term shareholder value in a market projected to exceed hundreds of billions of dollars.

Eva Live Inc. announced the formation of Eva Defense Inc., a new wholly owned subsidiary focused on strategic acquisitions and partnerships in the rapidly growing drone, autonomous systems, and defense technology sectors. This initiative aims to combine Eva Live's artificial intelligence capabilities with advanced drone and autonomous technologies to create long-term shareholder value. Management believes the global drone market will exceed hundreds of billions of dollars, presenting significant opportunities for consolidation and innovation in a fragmented defense technology sector.

EVA Live Inc. announced it has reached terms for a definitive agreement to acquire a 51% controlling ownership interest in Spiro Senior Living and its related operating entities. This transaction, expected to finalize by July 1, establishes EVA's control over Spiro Senior's healthcare operations, technology, and growth initiatives. The partnership aims to accelerate national expansion, leverage AI to unify communication in senior care, and generate recurring revenue through software subscriptions and digital care services, while improving patient outcomes.