Theodore O'Neill

- ECD Automotive Design, Inc. entered into a securities purchase agreement with an accredited investor for the sale of Series C Convertible Preferred Stock.  **[1922858_0001213900-25-102824_ea0262641-8k_ecdauto.htm:1]** 
- On **October 28, 2025**, the company completed a first additional closing, selling **1,111 shares of Series C Preferred Stock** for a discounted purchase price of **$999,900**.  **[1922858_0001213900-25-102824_ea0262641-8k_ecdauto.htm:1]** 
- The company plans to implement **cost-reduction measures** expected to result in annualized savings of approximately **$1.6 million** and pursue **mergers, acquisitions, and strategic transactions** to support growth, enhance margins, and regain compliance with the Nasdaq shareholder equity continued listing requirement.  **[1922858_0001213900-25-102824_ea0262641-8k_ecdauto.htm:1]**

ECD Automotive Design Announces Convertible Preferred Stock Issuance and Strategic Initiatives

- ECD Automotive Design, Inc. (ECDA) entered into an agreement with its securities counsel, Loeb & Loeb LLP, on **September 24, 2025**, to secure and pay approximately **$2,090,000** in legal fees.  **[1922858_0001213900-25-092676_ea025913101ex10-1_ecdauto.htm:0]** **[1922858_0001213900-25-092676_ea0259131-8k_ecdauto.htm:1]** 
- To settle these fees, ECDA issued a common stock purchase warrant to Loeb & Loeb LLP, allowing them to acquire **550,000 shares** of the company's common stock at an exercise price of **$0.01 per share**.  **[1922858_0001213900-25-092676_ea025913101ex10-1_ecdauto.htm:0]** **[1922858_0001213900-25-092676_ea0259131-8k_ecdauto.htm:1]** **[1922858_0001213900-25-092676_ea025913101ex10-2_ecdauto.htm:2]**  This number was based on the closing price of **$3.80** per share on **September 23, 2025**.  **[1922858_0001213900-25-092676_ea025913101ex10-1_ecdauto.htm:0]** **[1922858_0001213900-25-092676_ea0259131-8k_ecdauto.htm:1]** 
- The legal fees will be reduced dollar for dollar by the net proceeds Loeb realizes from the sale of the warrant shares.  **[1922858_0001213900-25-092676_ea025913101ex10-1_ecdauto.htm:0]** **[1922858_0001213900-25-092676_ea0259131-8k_ecdauto.htm:1]** 
- The warrants are exercisable for **three years**, and Loeb & Loeb LLP received registration rights for the warrant shares, including one demand registration and unlimited "piggyback" registration rights for **five years** from **September 24, 2025**.  **[1922858_0001213900-25-092676_ea025913101ex10-1_ecdauto.htm:0]** **[1922858_0001213900-25-092676_ea0259131-8k_ecdauto.htm:1]**

ECDA Issues Warrants to Legal Counsel for Fee Payment

- ECD Automotive Design reported **record revenue of $7.0 million** for the second quarter ended June 30, 2025, an increase from $6.5 million in the prior year quarter.  **[1922858_0001213900-25-080402_ea025450801ex99-2_ecdauto.htm:0]** **[1922858_0001213900-25-080402_ea025450801ex99-2_ecdauto.htm:1]** **[1922858_0001213900-25-080402_ea025450801ex99-2_ecdauto.htm:6]** 
- The company's **net loss increased to $4.3 million** in Q2 2025, compared to a net loss of $2.0 million in the same period last year, primarily due to reduced gross profit of **$1.4 million** and higher general and administrative and interest expenses.  **[1922858_0001213900-25-080402_ea025450801ex99-2_ecdauto.htm:0]** **[1922858_0001213900-25-080402_ea025450801ex99-2_ecdauto.htm:1]** **[1922858_0001213900-25-080402_ea025450801ex99-2_ecdauto.htm:6]** 
- ECD secured a **$500 million equity facility** intended for strategic Bitcoin accumulation and to fund growth and corporate purposes.  **[1922858_0001213900-25-080402_ea025450801ex99-2_ecdauto.htm:0]** **[1922858_0001213900-25-080402_ea025450801ex99-2_ecdauto.htm:1]** 
- The company expanded its product portfolio by delivering the **first Mustang build** in partnership with Roush Performance.  **[1922858_0001213900-25-080402_ea025450801ex99-2_ecdauto.htm:0]** **[1922858_0001213900-25-080402_ea025450801ex99-2_ecdauto.htm:1]** 
- **Victoria Hay was appointed Chief Financial Officer**, effective August 15, 2025.  **[1922858_0001213900-25-080402_ea025450801ex99-2_ecdauto.htm:0]** **[1922858_0001213900-25-080402_ea025450801ex99-2_ecdauto.htm:1]**

ECD Automotive Design (ECDA)