secwatch.observer — SEC 8-K summary
======================================

Issuer:     ECD Automotive Design, Inc. (—)
CIK:        0001922858
Form:       8-K
Filed at:   2023-12-18T23:59:59+00:00
Accession:  0001213900-23-096585
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 5.02, 4.01, 9.01, 3.03, 5.01, 5.03, 5.05, 5.06, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1922858/000121390023096585/0001213900-23-096585-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1922858/000121390023096585/ea190200-8k_ecdauto.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-096585

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer