On September 25, 2025, ECD Automotive Design, Inc. issued a corrected press release stating that the amount of debt converted to preferred equity was $13.7 million, not the $15.5 million previously reported on September 22, 2025.
The correction reduces the reported debt conversion by $1.8 million, slightly improving the company’s debt‑to‑equity ratio and clarifying its financial position for investors and regulators. This adjustment supports ECDA’s ongoing balance‑sheet deleveraging strategy and its efforts to meet Nasdaq listing requirements.
The correction is part of ECDA’s broader initiatives, including a $500 million equity line of credit and the conversion of debt to preferred equity, all aimed at strengthening its capital structure and maintaining compliance with the minimum bid price and equity standards set by Nasdaq.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.