ECD Automotive Design issues USD 2.66 million convertible notes under June 2025 financing agreement

Reuters03-18

<a href="https://laohu8.com/S/ECDAW">ECD Automotive Design</a> issues USD 2.66 million convertible notes under June 2025 financing agreement

ECD Automotive Design said a holder exercised its right under a securities purchase agreement to buy additional senior secured convertible notes with an original principal amount of USD 2.66 million for a purchase price of USD 2.42 million. The additional notes mature on Dec. 12, 2026, unless converted or redeemed. The notes include a beneficial ownership limitation that restricts conversion if the holder would own more than 9.99% of the company’s outstanding common stock after conversion. The holder is the company’s parent and had USD 12.48 million in outstanding loan principal as of the report date.

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: 0001437749-26-008756), on March 18, 2026, and is solely responsible for the information contained therein.

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