---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-096585"
form_type: "8-K"
ticker: null
cik: "0001922858"
company_name: "ECD Automotive Design, Inc."
filed_at: "2023-12-18T23:59:59+00:00"
generated_at: "2026-06-07T11:29:56.083013+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ECD Automotive (ECDA) completes SPAC merger with Humble Imports; public trading begins Dec 13

## Summary
- Business combination closed Dec 12; ECD Automotive Design now trades on Nasdaq under ECDA and ECDAW.
- Merger consideration: 26.5M shares, 25K preferred shares, warrants for ~1.1M common and ~15.8K preferred, plus $2M cash.
- Immediately prior, $15.8M senior secured convertible note closed with Defender SPV; net proceeds $13.7M, convertible at $10 (floor $6) at 115% conversion rate.
- 3.47M public shares redeemed at ~$10.74 for $37.3M; only 22,475 public shares remain outstanding post-redemption.
- Insider lock-up agreements for six months; registration rights agreement provides demand and piggyback rights.

## SEC filing metadata
- accession: 0001213900-23-096585
- form_type: 8-K
- cik: 0001922858
- company_name: ECD Automotive Design, Inc.
- filed_at: 2023-12-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 5.02, 4.01, 9.01, 3.03, 5.01, 5.03, 5.05, 5.06, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1922858/000121390023096585/0001213900-23-096585-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1922858/000121390023096585/ea190200-8k_ecdauto.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-096585
- JSON: https://secwatch.observer/filing/0001213900-23-096585.json
- Plain text: https://secwatch.observer/filing/0001213900-23-096585.txt

## Key facts
- Governance Changes
  ECD Automotive Design, Inc.: Amended and Restated Bylaws adopted to set procedures to nominate directors.
  - Change: bylaw amendment
  source text: The Board approved and adopted the Amended and Restated Bylaws of EFHT (the "Amended Bylaws") to among other things, set the procedures to nominate directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1922858/000121390023096585/0001213900-23-096585-index.htm
- Governance Changes
  ECD Automotive Design, Inc.: New Code of Ethics and Business Conduct adopted (effective 2023-12-12).
  - Change: code of ethics
  - Effective: 2023-12-12
  source text: on December 12, 2023, the Board approved and adopted a new Code of Ethics and Business Conduct applicable to all employees, officers and directors of the Company, including the Company’s principal executive officer, principal financial officer and principal accounting officer or controller (or persons performing similar functions to the aforementioned officers).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1922858/000121390023096585/0001213900-23-096585-index.htm
- Governance Changes
  ECD Automotive Design, Inc.: Company ceased being a shell company as a result of the Business Combination.
  - Change: shell status
  source text: As a result of the Business Combination, EFHT ceased being a shell company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1922858/000121390023096585/0001213900-23-096585-index.htm
- Governance Changes
  ECD Automotive Design, Inc.: Second Amended and Restated Certificate of Incorporation to change name, increase authorized shares, add director classes, and remove blank check provisions.
  - Change: charter amendment
  source text: EFHT’s stockholders also approved a Second Amended and Restated Certificate of Incorporation ("Amended Charter") to, among other things, change EFHT’s name to "ECD Automotive Design, Inc.", increase the total number of authorized shares of Company Common Stock from 100,000,000 to 1,000,000,000 and the number of authorized preferred stock from 1,000,000 to 20,000,000, add classes of the Combined Company’s directors and remove blank check provisions and to replace the Charter following the consummation of the Business Combination.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1922858/000121390023096585/0001213900-23-096585-index.htm
- M&A Transactions
  ECD Automotive Design, Inc. underwent a change of control involving Humble Imports Inc. d/b/a ECD Auto Design (closed 2023-12-12).
  - Action: change of control
  - Counterparty: Humble Imports Inc. d/b/a ECD Auto Design
  - Closing: 2023-12-12
  source text: On December 12, 2023, ECD Automotive Design, Inc., formerly known as EF Hutton Acquisition Corporation I (the “Company” or the “Registrant”), completed the business combination (the “Business Combination”) contemplated by the merger agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1922858/000121390023096585/0001213900-23-096585-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.