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LOS ANGELES - Eva Live Inc (GOAI), a computer programming and data processing services company with annual revenue of $8.66 million and significant revenue growth of 153% in the last twelve months, announced a change in its independent registered public accounting firm. According to InvestingPro data, the company currently maintains a weak financial health score of 1.29 out of 5. On Thursday, the Board of Directors approved the dismissal of Olayinka Oyebola & Co. due to its recent designation by OTC Markets Group as a Prohibited Service Provider.
The decision to part ways with Olayinka, which had been associated with the company for less than a month and had not filed any reports with the SEC, was made on April 3, 2025. On the same day, Eva Live Inc engaged Lao Professionals as its new accounting firm for the fiscal years ending 2023 and 2024. The selection of Lao Professionals was based on its ability to meet reporting requirements and its alignment with the company’s needs.
Eva Live Inc has confirmed that there were no disagreements or reportable events between the company and Olayinka during their brief association. Furthermore, prior to the Board’s decision, Eva Live Inc had not consulted Lao Professionals on any accounting principles or transactions that could have impacted their audit opinion on the company’s financial statements.
In compliance with regulatory standards, Eva Live Inc requested and received a letter from Olayinka Oyebola & Co. confirming their agreement with the company’s statements regarding the change. This letter, dated April 3, 2025, has been filed with the Securities and Exchange Commission and is included as an exhibit in the Current Report on Form 8-K.
Eva Live Inc trades under the ticker symbol GOAI on the OTC Markets. The company is headquartered in Los Angeles, California, and operates under the jurisdiction of Nevada. The stock currently trades near its 52-week low of $2.00, having declined over 78% in the past six months. InvestingPro subscribers have access to 6 additional key insights about GOAI, along with detailed financial metrics and valuation analysis. This announcement is based on a press release statement.
In other recent news, Eva Live Inc. has announced a change in its independent registered public accounting firm. The Board of Directors dismissed Michael Gillespie & Associates, PLLC, due to delays in starting the audit and requests for documentation beyond the typical scope necessary for the engagement. On the same day, Eva Live Inc. engaged Olayinka Oyebola & Co. as its new accounting firm for the fiscal years ending 2023 and 2024, citing better alignment with its needs. This transition is part of the company’s preparation for upcoming financial reporting and is detailed in a recent 8-K filing with the Securities and Exchange Commission.
Additionally, Eva Live Inc. has initiated a 4-to-1 reverse stock split as part of its strategy to qualify for uplisting to a national securities exchange. The reverse stock split is intended to elevate the company’s share price to meet listing standards and potentially attract more institutional investors. CEO David Boulette emphasized that this move is crucial for the company’s long-term growth and expansion plans. Shareholders will have their shares automatically adjusted without any required action on their part. Investors can find further details about the reverse stock split in the company’s filings with the SEC.
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