ECD Automotive Design receives SEC approval to sell up to $300 million in stock

ECD Automotive Design, Inc. (NASDAQ:ECDA) announced Monday that its registration statement on Form S-1 has become effective, allowing the company to sell up to $300 million worth of its common stock under an existing equity purchase facility agreement. The company’s warrants (NASDAQ:ECDAW) are also registered on the Nasdaq Stock Market LLC.

According to a statement included in a recent SEC filing, the registration statement became effective on November 3, enabling ECD Automotive Design to begin sales of common stock under the equity purchase facility starting Tuesday. The agreement, originally dated June 20, 2025, permits the company to raise capital through these stock sales. The timing is critical as the company currently trades near its 52-week low of $2.02, though InvestingPro analysis suggests the stock is undervalued compared to its Fair Value.

The filing also states that ECD Automotive Design has adopted a Bitcoin treasury strategy prior to entering the equity purchase facility. The company plans to use net proceeds from the sale of common stock to acquire Bitcoin as a treasury reserve asset, as well as to raise capital for growth and general corporate purposes. This strategy comes as the company faces cash flow challenges, with current financial metrics indicating short-term obligations exceed liquid assets.

The information in this article is based on a press release statement contained in the company’s SEC filing.

In other recent news, ECD Automotive Design has regained compliance with Nasdaq’s minimum bid price requirement. The company received confirmation on October 10 that it met the exchange’s listing rule, maintaining the required threshold for 16 consecutive business days. ECD Automotive Design has also expanded into the Porsche 911 restoration market with its Boutique Division, unveiling its first custom build named "Gravette," a fully customized Porsche 993 model. This move follows the company’s entry into Ford Mustang restorations earlier this year. Additionally, ECD Automotive Design has entered into an agreement with Loeb & Loeb LLP to settle up to $2,090,000 in legal fees by issuing a common stock purchase warrant for 550,000 shares. The firm has also launched a VIP Test Drive program, offering potential clients the opportunity to experience custom-restored luxury vehicles at their homes or offices. This service is available within a 75-mile radius of the company’s locations in Florida. These developments reflect ECD Automotive Design’s ongoing efforts to expand its market presence and service offerings.

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