{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-100240","form_type":"8-K","ticker":null,"cik":"0001922858","company_name":"ECD Automotive Design, Inc.","filed_at":"2024-11-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.356207+00:00","generated_at":"2026-05-29T22:43:45.889542+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"ECD Automotive restates FY22, FY23 and Q1/Q2 2024 financials; net loss increased $1.0M-0.6M","bullets":["Audit committee determined previously issued financials for FY22, FY23, Q1 and Q2 2024 should no longer be relied upon.","Corrections include revenue recognition timing, inventory write-offs, convertible note derivative accounting, and default interest.","Net loss increase: ~$1.0M (FY23), ~$0.6M (FY22), $0.4M (Q1 2024), $0.5M/$0.9M (three/six months ended June 30, 2024).","Material weakness in internal controls identified; remediation includes insourcing accounting and Netsuite ERP enhancements."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-100240","json":"https://secwatch.observer/filing/0001213900-24-100240.json","markdown":"https://secwatch.observer/filing/0001213900-24-100240.md","text":"https://secwatch.observer/filing/0001213900-24-100240.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1922858/000121390024100240/0001213900-24-100240-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1922858/000121390024100240/ea022188801-8k_ecdauto.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T22:43:45.889542+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1d18fc3117c5835cecd8a239c004450a0398a2d2","claim":"ECD Automotive Design, Inc. engaged Barton CPA as its auditor.","evidence_excerpt":"Barton CPA (“Barton”) was engaged by the Audit Committee of the Board of Directors (the “ Audit Committee ”) of ECD Automotive Design, Inc. (the “ Company ”) to be the independent registered public accounting firm of the Company","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1922858/000121390024100240/0001213900-24-100240-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"engagement"},{"label":"Auditor","value":"Barton CPA"}],"fact_type":"auditor_change"},{"claim_id":"7879c44b358cb49f1408d47390f88b5c080c7591","claim":"ECD Automotive Design, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"On November 19, 2024, the Audit Committee, after discussion with the Company’s management, who consulted with the Company’s independent registered public accounting firm, concluded (i) the Company’s Previously Issued Financial Statements included in the Original Form 10-K; (ii) the Company’s unaudited interim financial statements for three months ended March 31, 2024, included in the Quarterly Report for three months ended March 31, 2024 on Form 10-Q as filed with the SEC on June 27, 2024 (“ Q-1 Form 10-Q ”); and (iii) the Company’s unaudited interim financial statements for three and six months ended June 30, 2024, included in the Quarterly Report for three and six months ended June 30 on Form 10-Q as filed with the SEC on August 19, 2024 (“ Q-2 Form 10-Q ”), should no longer be relied upon","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1922858/000121390024100240/0001213900-24-100240-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}