8-K: Eva Live Names Imran Firoz Interim CFO Amid Nasdaq Uplisting Push

Eva Live Inc. has appointed Imran Firoz as its Interim Chief Financial Officer, effective September 22, 2025, as the company pursues a Nasdaq uplisting.

Summary

• Eva Live Inc. appointed Mr. Imran Firoz as Interim Chief Financial Officer, effective September 22, 2025.
• Mr. Firoz will receive monthly compensation of $10,500, with a performance-based bonus and equity package expected to be determined by the Board of Directors at a future date.
• He has served as a financial and management consultant to the company and its predecessor entities since May 2019, playing a key role in financial strategy, audit readiness, capital markets planning, and uplisting initiatives.
• His appointment is expected to provide vital continuity and leadership as the company advances its application to uplist from OTCQB to the Nasdaq Capital Market.
• Mr. Firoz also serves as Co-Founder, CFO, and Director of FDCTech, Inc. since January 2016, and owns Spark Capital Investments, LLC since January 2019.
• He holds an MBA from the Richard Ivey School of Business and is a Certified Financial Risk Manager (FRM).

Sentiment

Score: 7

Explanation: The appointment of an experienced Interim CFO with prior company knowledge is a positive step for corporate governance and strategic objectives, particularly the Nasdaq uplisting. The deferred compensation details introduce a minor element of uncertainty, but overall, it's a constructive development.

Positives

• Appointment of an experienced financial professional, Mr. Imran Firoz, as Interim CFO, bringing over two decades of relevant experience.
• Mr. Firoz has prior knowledge of the company's operations and strategic direction, having served as a consultant since May 2019 and overseeing CFO-level functions.
• His expertise in financial strategy, audit readiness, and capital markets planning is crucial for the company's ongoing Nasdaq uplisting efforts.
• The appointment provides vital continuity and leadership during a significant strategic transition for the company.

Negatives

• The performance-based bonus and equity compensation package for the Interim CFO are 'expected to be determined by the Board of Directors at a future date,' indicating some uncertainty or deferral in the full compensation terms.

Future Outlook

The company expects to determine a performance-based bonus and equity compensation package for Mr. Firoz at a future date. Eva Live is also advancing its application to uplist from OTCQB to the Nasdaq Capital Market, with Mr. Firoz's appointment providing vital continuity and leadership for this strategic goal.

Management Comments

• His knowledge of the Company’s operations and strategic direction provides vital continuity and leadership as Eva Live advances its application to uplist from OTCQB to the Nasdaq Capital Market.

Industry Context

The appointment of an experienced CFO is a standard and critical step for companies, especially those like Eva Live Inc. that are pursuing an uplisting to a major exchange like Nasdaq. Such appointments signal a commitment to strengthening financial governance and reporting, which is essential for attracting institutional investors and meeting the more stringent requirements of higher-tier markets. Mr. Firoz's background in capital markets planning and M&A aligns with the strategic needs of a company aiming for growth and market expansion.

Comparison to Industry Standards

• The appointment of an Interim CFO with a strong background in financial strategy, audit readiness, and capital markets planning, like Mr. Firoz, is consistent with best practices for companies preparing for a major exchange uplisting, such as to the Nasdaq Capital Market.
• Many companies undergoing significant corporate transitions, including uplisting or M&A activities, often bring in experienced financial leadership to navigate complex regulatory and financial requirements, mirroring the strategic move by Eva Live Inc.
• The stated monthly compensation of $10,500 for an Interim CFO, with additional performance-based and equity compensation to be determined, is within the typical range for such roles in smaller public companies, though the full package will depend on the final equity and bonus structure.

Management Changes

Corporate Governance

Related Party Transactions

• No related party transactions involving Mr. Firoz that would require disclosure under Item 404(a) of Regulation S-K.

Stakeholder Impact

• Shareholders: The appointment of an experienced CFO is generally positive, signaling strengthened financial management and a commitment to strategic growth, which could enhance shareholder confidence, especially regarding the Nasdaq uplisting.
• Employees: The formalization of a key leadership role provides stability and clear direction within the finance department.
• Regulatory Bodies: The appointment of a qualified CFO is a crucial step in meeting the more stringent financial reporting and governance requirements associated with uplisting to a major exchange like Nasdaq.

Next Steps

• The Board of Directors is expected to determine a performance-based bonus and equity compensation package for Mr. Firoz at a future date.
• Eva Live Inc. will continue to advance its application to uplist from OTCQB to the Nasdaq Capital Market.

Key Dates

Recommendation

The appointment of an experienced Interim CFO, particularly one with a history of consulting for the company and expertise relevant to a Nasdaq uplisting, is a positive development for Eva Live Inc. It signals a commitment to strengthening financial leadership and advancing strategic goals. However, this filing primarily concerns a personnel change and does not provide new financial performance data or immediate catalysts for a 'buy' recommendation. The full compensation package for the new CFO is also yet to be determined. Investors should 'hold' while monitoring progress on the Nasdaq uplisting and future financial disclosures.

Keywords

Eva Live Inc., Imran Firoz, CFO, Chief Financial Officer, Nasdaq uplisting, OTC Markets, corporate governance, financial strategy, capital markets, FDCTech Inc., Spark Capital Investments