ECD Automotive Design will implement a 1-for-5 reverse stock split on December 26, 2025, to meet Nasdaq listing requirements.
Quiver AI Summary
ECD Automotive Design, Inc. announced a 1-for-5 reverse stock split of its common stock, effective December 26, 2025, to comply with Nasdaq's minimum bid price requirement. This decision follows approval from stockholders and aims to raise the per share trading price of ECD's stock. After the split, the number of outstanding shares will decrease from approximately 6.9 million to about 1.4 million, though the number of authorized shares and par value will remain unchanged. Shareholders in book-entry form will automatically receive the adjusted shares, while those with certificates will receive further instructions from the transfer agent. ECD specializes in luxury vehicle restorations, continuing its legacy of blending classic design with modern performance.
Potential Positives
- The implementation of a 1-for-5 reverse stock split aims to increase the per share trading price of ECD’s common stock to meet the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market.
- The reverse stock split was approved by shareholders, indicating strong support and confidence in the company's direction from its investors.
- The reduction in the number of outstanding shares simplifies the capital structure, potentially making the stock more attractive to institutional investors.
- The company continues to maintain its presence on the Nasdaq Capital Market under the existing trading symbol "ECDA," ensuring continued visibility and access for investors.
Potential Negatives
- The implementation of a 1-for-5 reverse stock split may signal to investors that the company's stock price is struggling to meet market requirements, raising concerns about the company's overall financial health.
- By conducting a reverse stock split to maintain listing on the Nasdaq Capital Market, ECD may be perceived as being unable to achieve sufficient market confidence to sustain its share price, potentially affecting investor sentiment.
- Reverse stock splits can often lead to confusion among investors and can create volatility in the stock price post-split, which might negatively impact trading activity and shareholder value.
FAQ
What is the date of ECD's reverse stock split?
The reverse stock split will be effective on December 26, 2025, at market opening.
How will the reverse stock split affect ECD's share count?
The reverse stock split will reduce ECD's outstanding shares from approximately 6,925,006 to about 1,385,002 shares.
Will shareholders need to take action for the reverse stock split?
Shareholders with electronic shares will not need to take action; those with certificated shares will receive instructions.
What is the purpose of the reverse stock split?
The reverse stock split aims to increase ECD's share price to meet Nasdaq's minimum bid requirement of $1.00.
Will any fractional shares be issued after the split?
No fractional shares will be issued; any fractional shares will be rounded up to the nearest whole share.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ECDA Hedge Fund Activity
We have seen 3 institutional investors add shares of $ECDA stock to their portfolio, and 14 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MANGROVE PARTNERS IM, LLC removed 75,000 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $288,750
- POLAR ASSET MANAGEMENT PARTNERS INC. removed 75,000 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $288,750
- TACONIC CAPITAL ADVISORS LP removed 75,000 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $288,750
- ATW SPAC MANAGEMENT LLC removed 69,375 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $267,093
- UBS GROUP AG removed 56,349 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $216,943
- GEODE CAPITAL MANAGEMENT, LLC removed 47,711 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $183,687
- ASCENT CAPITAL MANAGEMENT, LLC removed 23,947 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $92,195
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
KISSIMMEE, Fla., Dec. 22, 2025 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (“ECD” or the “Company”) (NASDAQ: ECDA), 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 will implement a 1-for-5 reverse stock split of its issued and outstanding common stock (“Reverse Stock Split”), effective at market opening time on December 26, 2025. ECD common stock will remain on the Nasdaq Capital Market and begin trading on a split-adjusted basis when the markets open on December 26, 2025, under the Company’s existing trading symbol “ECDA,” with the new CUSIP number 27877D302.
The Reverse Stock Split was previously approved by stockholders at the Company’s annual meeting of stockholders held on July 22, 2025, with the final ratio determined by the Company’s Board of Directors. The Reverse Stock Split is intended to increase the per share trading price of ECD’s common stock to satisfy the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market (Rule 550(a)(1)).
As a result of the Reverse Stock Split, every five pre-split shares of common stock outstanding will automatically be reclassified and combined into one share of common stock. This will reduce the number of outstanding shares of ECD’s common stock from approximately 6,925,006 shares to approximately 1,385,002 shares. The Reverse Stock Split will not change the number of authorized shares of the company’s common stock or the par value of the common stock. Proportional adjustments will be made to the number of shares of common stock issuable upon exercise of the company’s outstanding stock options and restricted stock units, as well as the applicable exercise price of the stock options.
Shareholders holding their shares electronically in book-entry form are not required to take any action to receive the post-split shares. Shareholders who hold certificated shares will receive instructions from Continental Stock Transfer and Trust, the Company’s transfer agent who is acting as the exchange agent for the Reverse Stock Split. No fractional shares will be issued as a result of the Reverse Stock Split. Stockholders who would otherwise be entitled to a fractional share will instead have their fractional share rounded up to the nearest whole share.
Additional information regarding the Reverse Stock Split can be found in the Proxy Statement filed with the SEC.
About ECD Auto Design
ECD, a public company trading under ECDA on the Nasdaq, is a creator of restored luxury vehicles that combines classic English beauty with modern performance. Currently, ECD restores Land Rover Defenders, Land Rover Series IIA, the Range Rover Classic, the Jaguar E-Type and we have recently added Ford Mustang and Toyota FJ. Historically, each vehicle produced by ECD was fully bespoke, a one-off that is designed by the client through an immersive luxury design experience and hand-built from the ground up in 2,200 hours by master-certified Automotive Service Excellence (“ASE”) craftsmen. The Company was founded in 2013 by three British “gear heads’ whose passion for classic vehicles is the driving force behind exceptionally high standards for quality, custom luxury vehicles. ECD’s global headquarters, known as the “Rover Dome,” is a 100,000-square-foot facility located in Kissimmee, Florida that is home to 87 staff with 67 talented craftsmen and technicians, who hold a combined 66 ASE and three master level certifications. ECD has an affiliated logistics center in the U.K. where its seven employees work to source and transport 25-year-old work vehicles back to the U.S. for restoration. For more information, visit www.ecdautodesign.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes express or implied statements that are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Forward-looking statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance and may contain projections of our future results of operations or of our financial information or state other forward-looking information. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “attempting,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including those described in our filings with the Securities and Exchange Commission (“SEC”), including under the caption “Risk Factors” in our Annual Report on Form 10-K filed for the year ended December 31, 2024 with the SEC, which can be obtained on the SEC website at www.sec.gov . These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the SEC.
Investor Relations
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