ECD Automotive Strengthens Balance Sheet Through $10 Million Debt-for-Equity Exchange and Completes a $999,900 Equity Raise
ECD Automotive Design (NASDAQ: ECDA), the leading Land Rover and Jaguar restoration company, has announced two significant financial transactions to strengthen its balance sheet. The company has completed a $10 million debt-to-equity conversion by exchanging convertible promissory notes for 15,000 shares of Series C Convertible Preferred Stock. Additionally, ECD raised $999,900 through a private placement of 1,111 shares of Series C Convertible Preferred Stock.
These strategic moves aim to deleverage the business, reduce cash interest expenses, and provide working capital for operations and retail expansion. The transactions are part of ECD's efforts to regain compliance with Nasdaq listing standards and enhance its financial flexibility for growth.
ECD Automotive Design (NASDAQ: ECDA), la principale società specializzata nel restauro di Land Rover e Jaguar, ha annunciato due rilevanti operazioni finanziarie per rafforzare il proprio bilancio. L'azienda ha completato una conversione debito-equity da $10 milioni scambiando note promissorie convertibili con 15.000 azioni privilegiate convertibili di Serie C. Inoltre, ECD ha raccolto $999,900 tramite un collocamento privato di 1.111 azioni privilegiate convertibili di Serie C.
Queste mosse strategiche mirano a ridurre la leva finanziaria, abbattere gli oneri finanziari in contanti e fornire capitale circolante per le operazioni e l'espansione retail. Le transazioni rientrano negli sforzi di ECD per tornare in conformità con gli standard di quotazione del Nasdaq e accrescere la flessibilità finanziaria per la crescita.
ECD Automotive Design (NASDAQ: ECDA), la principal empresa de restauración de Land Rover y Jaguar, ha anunciado dos operaciones financieras relevantes para reforzar su balance. La compañía completó una conversión de deuda a capital por $10 millones mediante el canje de pagarés convertibles por 15.000 acciones preferentes convertibles de la Serie C. Además, ECD recaudó $999,900 mediante una colocación privada de 1.111 acciones preferentes convertibles de la Serie C.
Estas medidas estratégicas buscan reducir el apalancamiento, disminuir los gastos por intereses en efectivo y proporcionar capital de trabajo para las operaciones y la expansión minorista. Las transacciones forman parte de los esfuerzos de ECD para recuperar el cumplimiento de los requisitos de cotización del Nasdaq y mejorar su flexibilidad financiera para crecer.
ECD Automotive Design (NASDAQ: ECDA), 랜드로버 및 재규어 복원 분야의 선도 기업인 이 회사는 재무구조 강화를 위해 두 건의 주요 금융거래를 발표했습니다. 회사는 전환 약속어음(convertible promissory notes)을 15,000주의 C 시리즈 전환 우선주로 교환하는 방식으로 1,000만 달러 규모의 채무를 자본으로 전환을 완료했습니다. 추가로 ECD는 C 시리즈 전환 우선주 1,111주를 사모로 발행해 $999,900를 조달했습니다.
이러한 전략적 조치는 레버리지를 낮추고 현금 이자 비용을 줄이며, 운영 자금과 소매 확장에 필요한 운전자본을 확보하기 위한 것입니다. 이 거래들은 ECD가 나스닥 상장 기준을 회복하고 성장에 필요한 재무 유연성을 높이려는 노력의 일환입니다.
ECD Automotive Design (NASDAQ: ECDA), leader dans la restauration de Land Rover et Jaguar, a annoncé deux opérations financières importantes pour renforcer son bilan. La société a réalisé une conversion dette-en-capitaux propres de 10 millions de dollars en échangeant des billets à ordre convertibles contre 15 000 actions privilégiées convertibles de série C. De plus, ECD a levé $999,900 via un placement privé de 1 111 actions privilégiées convertibles de série C.
Ces mesures visent à réduire l'endettement, diminuer les charges d'intérêts en numéraire et fournir des fonds de roulement pour les opérations et l'expansion commerciale. Ces transactions s'inscrivent dans les efforts d'ECD pour retrouver la conformité aux normes de cotation du Nasdaq et améliorer sa flexibilité financière en vue de la croissance.
ECD Automotive Design (NASDAQ: ECDA), der führende Restaurationsbetrieb für Land Rover und Jaguar, hat zwei bedeutende Finanztransaktionen angekündigt, um seine Bilanz zu stärken. Das Unternehmen hat eine Schulden-zu-Eigenkapital-Umwandlung in Höhe von $10 Millionen abgeschlossen, indem wandelbare Schuldverschreibungen gegen 15.000 Aktien der Serie C (wandelbare Vorzugsaktien) getauscht wurden. Zusätzlich hat ECD $999,900 durch eine Privatplatzierung von 1.111 Aktien der Serie C (wandelbare Vorzugsaktien) aufgenommen.
Mit diesen strategischen Schritten sollen die Verschuldung reduziert, die Barzinsaufwendungen gesenkt und Betriebskapital für den Geschäftsbetrieb und die Ausweitung des Einzelhandels bereitgestellt werden. Die Transaktionen sind Teil der Bemühungen von ECD, die Nasdaq-Listinganforderungen wieder zu erfüllen und die finanzielle Flexibilität für weiteres Wachstum zu erhöhen.
- Conversion of $10 million debt to equity significantly reduces debt burden
- Additional $999,900 raised through private placement provides fresh working capital
- Reduction in cash interest expense improves cash flow
- Strategic move towards regaining Nasdaq listing compliance
- Potential dilution for existing shareholders from debt-to-equity conversion
- Current non-compliance with Nasdaq listing standards indicates ongoing challenges
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
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, ECD restores Land Rover Defenders, Land Rover Series IIA, the Range Rover Classic, the Jaguar E-Type and we have recently added Ford Mustang and Toyota FJ. Historically, each vehicle produced by ECD was fully bespoke, a one-off that is designed by the client through an immersive luxury design experience and hand-built from the ground up in 2,200 hours by master-certified Automotive Service Excellence ("ASE") craftsmen. The Company was founded in 2013 by three British "gear heads" whose passion for classic vehicles is the driving force behind exceptionally high standards for quality, custom luxury vehicles. ECD's global headquarters, known as the "Rover Dome," is a 100,000-square-foot facility located in Kissimmee, Florida that is home to 67 talented craftsmen and technicians, who hold a combined 66 ASE and three master level certifications. ECD has an affiliated logistics center in the U.K. where its seven employees work to source and transport 25-year-old work vehicles back to the U.S. for restoration. For more information, visit www.ecdautodesign.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes express or implied statements that are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Forward-looking statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance and may contain projections of our future results of operations or of our financial information or state other forward-looking information. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “attempting,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including those described in our filings with the Securities and Exchange Commission (“SEC”), including under the caption “Risk Factors” in our Annual Report on Form 10-K filed for the year ended December 31, 2024 with the SEC, which can be obtained on the SEC website at www.sec.gov. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the SEC.
Investor Relations
investorrelations@ecdautodesign.com
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