ECD Automotive Design, Inc. announced on September 22, 2025, that the Nasdaq Hearings Panel granted its request for continued listing on The Nasdaq Stock Market. This decision allows ECDA to maintain its listing while working to meet specific conditions.
The conditions include achieving a $1.00 minimum bid price requirement by March 17, 2026, and a $2.5 million stockholders' equity requirement by December 16, 2025. To address these, the company implemented a 1-for-40 reverse stock split on September 18, 2025.
Furthermore, ECDA secured a $500 million equity line of credit in June 2025, and a lender converted $15.5 million in debt to preferred equity, purchasing an additional $1.1 million of preferred stock. These actions are intended to address the equity standard and strengthen the balance sheet.
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