ECD Automotive Design exchanges $10M debt, raises $1M

1 hour ago 1

ECD Automotive Design (NASDAQ:ECDA) converted $10M in convertible promissory notes into 15,000 shares of Series C Convertible Preferred Stock.
The company also raised ~$1M through a private placement of 1,111 Series C Preferred shares.
These moves aim to improve ECD’s financial standing and help regain Nasdaq listing compliance.
Source: Press release

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