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KISSIMMEE, Fla. - ECD Automotive Design, Inc. (NASDAQ:ECDA), a $5.18 million market cap company currently trading near its 52-week low, has expanded into the Porsche 911 restoration and customization market through its Boutique Division, the company announced Wednesday. According to InvestingPro analysis, the stock appears undervalued at current levels, despite facing significant market challenges with a 90.55% decline year-to-date.
The company’s first Porsche project, named "Gravette," is a fully customized Porsche 993 model. This expansion follows ECD’s earlier entry into Ford Mustang restorations launched earlier this year.
ECD, which describes itself as the world’s largest Land Rover and Jaguar restoration company, cited strong demand from its existing customer base as the driving factor behind entering the Porsche market. The company believes it can offer faster build times compared to established providers in this segment.
"The launch of Project Gravette, our first Porsche 911 customization, marks another milestone in ECD’s journey to redefine the restomod industry," said Scott Wallace, CEO and Co-Founder of ECD, according to the company’s press release.
ECD’s business model involves complete vehicle restorations that typically require 2,200 hours of work by ASE-certified craftsmen. The company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 102 staff members.
In addition to Porsche 911s, the company restores Land Rover Defenders, Range Rover Classics, Jaguar E-Types, Ford Mustangs, and Toyota FJs. ECD maintains a logistics center in the United Kingdom to source 25-year-old vehicles for restoration.
The company went public and trades on the Nasdaq under the ticker ECDA.
In other recent news, ECD Automotive Design has announced a significant settlement with its securities counsel, Loeb & Loeb LLP, involving the issuance of a warrant for 550,000 shares to settle up to $2,090,000 in legal fees. The exercise price for these shares is set at $0.01 per share, which will reduce the outstanding legal fees based on the net proceeds from selling the warrant shares. In another development, ECD Automotive Design has launched a VIP Test Drive program, allowing potential clients to test custom-restored luxury vehicles at their convenience within a 75-mile radius of the company’s locations in Florida.
Additionally, ECD Automotive Design corrected a previous report concerning its Nasdaq listing, clarifying that $13.7 million in debt was converted to preferred equity, not the initially reported $15.5 million. The company has secured a conditional extension from the Nasdaq Hearings Panel to maintain its listing, contingent on meeting certain requirements, including maintaining a minimum bid price and achieving specific stockholder equity levels. Furthermore, ECD Automotive Design announced a 1-for-40 reverse stock split, effective September 18, 2025, to meet Nasdaq’s minimum bid price requirement. This move will significantly reduce the company’s outstanding shares while maintaining the same number of authorized shares and par value.
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