ECD Automotive Design Sells Series C Preferred Stock in $999,900 Agreement

Reuters10-28

ECD Automotive Design Sells Series C Preferred Stock in $999,900 Agreement

ECD Automotive Design Inc. has entered into a securities purchase agreement with an accredited investor, selling 1,111 shares of Series C Convertible Preferred Stock for a discounted price of $999,900. The investor elected to participate in an additional closing, acquiring another 1,111 shares under similar terms, with the transaction completed on October 28, 2025. The agreement allows for further additional closings of up to 25,000 shares in total. The company also announced cost-reduction measures and strategic initiatives to improve margins and regain compliance with Nasdaq listing requirements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ECD Automotive Design Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-102824), on October 28, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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