ECD Automotive Design has regained compliance with Nasdaq's minimum bid price requirement, supporting its continued listing.
Quiver AI Summary
ECD Automotive Design, Inc. announced that it has regained compliance with Nasdaq's minimum bid price requirement, as confirmed by Nasdaq on October 10, 2025. The company showed a closing bid price of at least $1.00 per share for a consecutive 16-business day period, with shares closing at approximately $2.72. CEO Scott Wallace expressed satisfaction with this achievement, noting it supports ECD's continued listing on Nasdaq. The company is also working towards meeting additional listing conditions due by January 7, 2026. ECD, founded in 2013, specializes in restoring luxury vehicles like Land Rovers, Jaguars, and more, and operates from a large facility in Kissimmee, Florida.
Potential Positives
- ECD Automotive Design successfully regained compliance with Nasdaq's minimum bid price requirement, confirming its continued listing on the exchange.
- The company's shares were trading at approximately $2.72 per share after meeting compliance, which supports investor confidence and liquidity.
- Meeting this requirement allows ECD to continue its operations and growth as a leader in luxury vehicle restoration.
- CEO Scott Wallace expressed optimism about the company’s future, reinforcing a positive outlook for investors.
Potential Negatives
- The company must meet additional continued listing conditions by January 7, 2026, indicating ongoing financial scrutiny.
- While compliance with the minimum bid price requirement has been achieved, it suggests previous instability in the stock price, raising concerns about investor confidence.
- The press release does not provide detailed information on how the company plans to maintain compliance with Nasdaq's equity standard, which could leave investors uncertain about future performance.
FAQ
What recent compliance achievement did ECD Automotive Design announce?
ECD Automotive Design announced it regained compliance with Nasdaq’s minimum bid price requirement as of October 10, 2025.
What is the closing bid price of ECD shares as of the announcement?
As of the announcement on October 10, 2025, ECD shares closed at approximately $2.72 per share.
Who commented on the compliance achievement for ECD?
Scott Wallace, CEO and Co-Founder of ECD, commented on the company’s compliance with Nasdaq requirements.
What is the deadline for ECD to meet Nasdaq's equity standard?
The deadline for ECD to comply with Nasdaq’s equity standard is January 7, 2026.
What types of vehicles does ECD Automotive Design restore?
ECD restores luxury vehicles including Land Rover Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs.
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 5 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TORONTO DOMINION BANK added 200,000 shares (+inf%) to their portfolio in Q2 2025, for an estimated $51,020
- UBS GROUP AG added 56,312 shares (+152194.6%) to their portfolio in Q2 2025, for an estimated $14,365
- CITADEL ADVISORS LLC removed 33,813 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $8,625
- CLEAR STREET LLC removed 2,111 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $538
- BARCLAYS PLC removed 740 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $188
- TOWER RESEARCH CAPITAL LLC (TRC) removed 225 shares (-6.6%) from their portfolio in Q2 2025, for an estimated $57
- JPMORGAN CHASE & CO removed 15 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $3
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
KISSIMMEE, Fla., Oct. 14, 2025 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (NASDAQ: ECDA), the (“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, today announced that it received written notice from Nasdaq on October 10, 2025, confirming that the Company regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).
As required by the Nasdaq Hearings Panel decision for continued listing on the exchange dated September 16, 2025, the Company evidenced a closing bid price of at least $1.00 per share for the 16-consecutive business day period ending October 9, 2025. ECD shares closed at approximately $2.72 per share on October 10, 2025.
Scott Wallace, CEO and Co-Founder of ECD commented, “We are pleased to have met this requirement, which supports ECD’s continued listing on Nasdaq and provides the ongoing tradability and liquidity of our shares for investors.”
The Company continues to work toward meeting the remaining continued listing condition outlined in the Panel’s September 16, 2025 decision, which requires compliance with Nasdaq’s equity standard by January 7, 2026.
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 102 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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