ECD Automotive Strengthens Balance Sheet Through $10 Million Debt-for-Equity Exchange and Completes a $999,900 Equity Raise

KISSIMMEE, Fla., Aug. 14, 2025 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (NASDAQ:ECDA) ("ECD" or the "Company"), the world's largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs and Toyota FJs, announced that it has exchanged $10 million of outstanding convertible promissory notes for 15,000 newly issued shares of ECD's Series C Convertible Preferred Stock. In addition, the Company has completed a private placement of the sale of 1,111 shares of the Company's Series C Convertible Preferred Stock in exchange for $999,900.

These transactions represent significant steps toward fortifying ECD's capital structure and advancing the Company's plan to regain compliance with Nasdaq listing standards. The exchange materially deleverages the business and reduces cash interest expense, while the equity raise provides additional working capital to support operations and to support the expansion of the company's retail location strategy into new high-value geographies.  

"We're grateful for the continued confidence of our investor," said Scott Wallace, CEO of ECD Auto Design. "These transactions improve our financial flexibility and position ECD to accelerate growth while enhancing shareholder value."

About ECD Auto Design

ECD, a public company trading under ECDA on the Nasdaq, is a creator of restored luxury vehicles that combines classic English beauty with modern performance. Currently, ...