Ecd Automotive Design, INC
Market Movers (8-K)
ECD Automotive Design, Inc. announced its institutional investor, also its parent company, exercised its right to purchase additional senior secured convertible notes totaling $395,859.66.
Capital raise
Worse than expected
ECD Automotive Design, Inc. announced an institutional investor purchased additional convertible notes, while outstanding warrants were adjusted to have no value following a merger.
Worse than expected
Capital raise
ECD Automotive Design, Inc. has completed a series of transactions resulting in its privatization, delisting from Nasdaq, and a change in its Chief Executive Officer.
Delay expected
Worse than expected
Capital raise
ECD Automotive Design, Inc. cancelled its special meeting of stockholders on January 12, 2026, due to a lack of quorum.
Delay expected
ECD Automotive Design, Inc. announced its common stock and warrants will be delisted from The Nasdaq Stock Market and will commence trading on the OTC Market on January 16, 2026, following repeated non-compliance with listing standards.
Worse than expected
Capital raise
ECD Automotive Design, Inc. is in discussions with a lender for strategic transactions and a debt-to-preferred equity exchange valued between $2 million and $10 million.
Capital raise
Quarterly Earnings (10-Q)
ECD Automotive Design, Inc. reported a significant Q3 operational loss and raised substantial doubt about its ability to continue as a going concern, despite a non-cash gain from debt conversion.
Capital raise
Worse than expected
ECD Automotive Design, Inc. reported significantly increased net losses and a worsening liquidity position, raising substantial doubt about its ability to continue as a going concern.
Capital raise
Worse than expected
ECD Automotive Design's Q1 2025 revenue decreased slightly, with the company continuing to navigate financial challenges and implement strategic initiatives.
Worse than expected
Capital raise
ECD Automotive Design's Q3 2024 results show increased revenue compared to the previous year, but are overshadowed by a restatement of prior financials and ongoing efforts to secure additional capital.
Delay expected
Worse than expected
Capital raise
ECD Automotive Design saw a significant increase in revenue for the second quarter of 2024, but also experienced a net loss and ongoing issues with internal controls and debt obligations.
Worse than expected
Delay expected
Capital raise
10-Q: ECD Automotive Secures $1.5 Million Line of Credit and Reports Q1 2024 Results with Revenue Surge
ECD Automotive Design, Inc. secures a $1.5 million revolving line of credit and reports a significant increase in revenue for the first quarter of 2024, alongside a net loss.
Worse than expected
Delay expected
Capital raise
Annual Reports (10-K)
ECD Automotive Design reported a significant increase in net loss to $10.8 million in 2024, alongside a going concern warning and ineffective internal controls, despite revenue growth.
Delay expected
Worse than expected
Capital raise
10-K/A: Automotive Customizer Amends Annual Report Amidst Significant Losses and Going Concern Warning
An automotive design company filed an amendment to its annual report to correct an auditor's reference error, revealing substantial net losses and a going concern warning for the fiscal year ended December 31, 2024.
Delay expected
Worse than expected
Capital raise
ECD Automotive Design saw a revenue increase in 2024, but its net loss also significantly widened compared to the previous year.
Worse than expected
Delay expected
Capital raise
10-K/A: ECD Automotive Design Restates Financials After Accounting Errors; Faces Nasdaq Compliance Issues
ECD Automotive Design restates its 2022 and 2023 financial statements due to accounting errors and faces ongoing challenges with Nasdaq listing requirements.
Delay expected
Worse than expected
Capital raise
ECD Automotive Design, a custom car builder specializing in British classic vehicles, released its 2023 annual report, showcasing revenue growth and outlining strategic plans for future expansion.
Worse than expected
Capital raise
Insider Trading (Form 4)
ATW Partners and affiliated entities have reported beneficial ownership of a Senior Secured Convertible Note in ECD Automotive Design, Inc., convertible into approximately 39.8 million shares.
Capital raise
Proxy Statements (Def-14A)
ECD Automotive Design, Inc. issued a definitive additional materials filing to correct the outstanding shares and quorum information for its upcoming Special Meeting.
ECD Automotive Design, Inc. calls a Special Meeting to vote on a reverse stock split to maintain Nasdaq listing and approve prior dilutive equity issuances.
Worse than expected
Capital raise
ECD Automotive Design, Inc. is calling an Annual Meeting of Stockholders to vote on critical proposals including a reverse stock split to maintain Nasdaq listing, approval for significant share issuances related to recent financing agreements, and an increase in its equity incentive plan.
Worse than expected
Capital raise
ECD Automotive Design is holding its annual stockholder meeting on December 17, 2024, to vote on proposals including an increase to the equity incentive plan, the re-election of two directors, and the ratification of the company's auditor.
New Public Companies (S-1)
ECD Automotive Design, a custom luxury car builder, filed an S-1/A for the resale of up to 300.7 million common shares and warrants, while facing significant losses and Nasdaq compliance challenges.
Worse than expected
Capital raise
Delay expected
ECD Automotive Design, a custom luxury car builder, is navigating significant financial challenges, including ongoing losses, a Nasdaq delisting threat, and an SEC investigation, while pursuing substantial capital raises and a reverse stock split.
Delay expected
Worse than expected
Capital raise
ECD Automotive Design, a custom luxury vehicle builder, filed an S-1/A for a secondary offering of up to 300 million shares, while facing significant losses and Nasdaq delisting concerns.
Delay expected
Worse than expected
Capital raise
ECD Automotive Design, a custom luxury car builder, filed an S-1/A for a secondary offering of up to 308.45 million shares and 257,500 private warrants, alongside a primary offering of 11.5 million shares underlying public warrants, while facing significant financial challenges and an ongoing SEC investigation.
Delay expected
Worse than expected
Capital raise
ECD Automotive Design, a luxury custom car builder, faces significant financial challenges including a going concern warning, Nasdaq delisting threats, and an SEC investigation, despite reporting improved gross margins and strategic growth initiatives.
Delay expected
Worse than expected
Capital raise
ECD Automotive Design, a custom luxury car builder, reported substantial net losses and a working capital deficit, raising going concern doubts, even as it pursues new financing, expands product lines, and undergoes key management changes.
Worse than expected
Capital raise
Delay expected
Schedule 13D - Activist Investments
ATW Partners and affiliates have increased their beneficial ownership in ECD Automotive Design to 100% through a series of transactions including a preferred stock exchange and a short-form merger, funded in part by a new convertible note.
Capital raise
Worse than expected
ATW Partners and its affiliates have acquired 100% beneficial ownership of ECD Automotive Design, Inc. through an exchange and short-form merger, intending to delist the company.
Worse than expected
Capital raise
SCHEDULE 13D/A: ECD Automotive Design CEO Scott Wallace Discloses 15% Beneficial Ownership Stake Post-Merger
Scott Malcolm Wallace and his revocable trust have disclosed a 15.021% beneficial ownership stake in ECD Automotive Design, Inc. following a business combination completed in December 2023.
SCHEDULE 13D/A: Emily Jayne Humble and Trust Disclose Significant Stake in ECD Automotive Design Following Business Combination
Emily Jayne Humble and The Emily J. Humble Revocable Trust have filed an amended Schedule 13D, revealing beneficial ownership of 34.823% of ECD Automotive Design, Inc.'s common stock, acquired through a recent business combination.
SCHEDULE 13D/A: ECD Automotive Design Founder Discloses 15% Stake Post-Merger
Thomas Ashley Humble and his revocable trust have disclosed a beneficial ownership of 15.021% in ECD Automotive Design, Inc. following the December 2023 business combination.
Schedule 13G - Passive Investments
An investment group led by ECDA Bitcoin Treasury LLC and SZOP Opportunities Management LLC has amended its beneficial ownership in ECD Automotive Design, Inc., maintaining a 9.9% stake.
Capital raise
ECDA Bitcoin Treasury LLC and affiliated entities, including control persons Kerry Propper and Antonio Ruiz-Gimenez, have disclosed a 9.9% beneficial ownership stake in ECD Automotive Design, Inc. common stock.
Capital raise
SCHEDULE 13G/A: ATW Opportunities Master Fund II and Affiliates Disclose 9.9% Stake in ECD Automotive Design
A group of investment entities and individuals, led by ATW Opportunities Master Fund II, L.P., has disclosed a 9.9% beneficial ownership stake in ECD Automotive Design, Inc. as of December 31, 2024.