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LOS ANGELES, CA – Eva Live Inc. (OTC Markets: GOAI), a Nevada-based company specializing in computer programming and data processing services, has announced a change in its independent registered public accounting firm. According to InvestingPro data, the company currently shows weak financial health with negative EBITDA of $12.41M, despite achieving revenue growth of 152.75% in the last twelve months. On March 21, 2025, the Board of Directors approved the dismissal of Michael Gillespie & Associates, PLLC, which had been engaged since May 5, 2024, but had not completed any audit reports for the company.
The company has not received any adverse opinions, disclaimers of opinion, or modifications from Gillespie. The decision to dismiss Gillespie was due to delays in starting the audit and requests for documentation that Eva Live Inc. considered beyond the typical scope necessary for the engagement.
Subsequently, on the same day, Eva Live Inc. engaged Olayinka Oyebola & Co. as its new independent registered public accounting firm for the fiscal years ending 2023 and 2024. The company cited Olayinka’s ability to meet reporting requirements and better alignment with its needs as the reasons for this change.
Eva Live Inc. has provided Michael Gillespie & Associates with a copy of this disclosure and has requested that they furnish a letter to the Securities and Exchange Commission stating their agreement or disagreement with the statements made in the disclosure.
This transition in accounting firms is detailed in a recent 8-K filing with the Securities and Exchange Commission by Eva Live Inc. The company’s decision to change auditors is a significant move as it prepares for its upcoming financial reporting for the past two fiscal years, with the next earnings report scheduled for April 11, 2025. The information in this article is based on the statements made in the press release and InvestingPro data.
In other recent news, Eva Live Inc. has announced a 4-to-1 reverse stock split, effective immediately. This strategic move is part of the company’s efforts to qualify for uplisting to a national securities exchange. The reverse stock split aims to elevate the company’s share price to meet listing standards, potentially enhancing shareholder value and attracting more institutional investors. CEO David Boulette emphasized that this decision is crucial for Eva Live Inc.’s long-term growth and expansion plans. Under this arrangement, every four shares of the company’s issued and outstanding common stock will be combined into one share. Shareholders will not receive fractional shares, as these will be rounded up to the nearest whole share automatically. The company has advised investors to refer to its filings with the Securities and Exchange Commission for more details. This development reflects Eva Live Inc.’s commitment to advancing its position in the market and pursuing its strategic objectives.
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