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.
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