{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-031173","form_type":"8-K","ticker":null,"cik":"0001922858","company_name":"ECD Automotive Design, Inc.","filed_at":"2025-04-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.480688+00:00","generated_at":"2026-05-23T16:30:00.724748+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"ECD Automotive Design enters $1.824M loan with Defender SPV, pays off prior Agile Loan","bullets":["New term loan of $1,824,300 from Defender SPV LLC; 69 weekly payments of $35,693 starting Apr 15, 2025, ending Aug 4, 2026.","Total interest accrual of $638,505; includes $40,000 admin fee and $35,000 legal fee netted from proceeds.","Proceeds used to pay off prior Agile Loan of $1,749,300 (discounted payoff) from Feb 2025 agreement.","Loan secured by all assets of Company and subsidiary Humble Imports Inc.; customary covenants and default provisions.","Prepayment requires make-whole premium equal to remaining interest through maturity; no reborrowing allowed."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-031173","json":"https://secwatch.observer/filing/0001213900-25-031173.json","markdown":"https://secwatch.observer/filing/0001213900-25-031173.md","text":"https://secwatch.observer/filing/0001213900-25-031173.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1922858/000121390025031173/0001213900-25-031173-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1922858/000121390025031173/ea0237934-8k_ecdauto.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T16:30:00.724748+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":"c85e2bb6549e2f0d3037db76a3470355fc6cf895","claim":"ECD Automotive Design, Inc. incurred term loan of $1,824,300 with New Lender at interest in the aggregate amount of $638,505 maturing August 4, 2026.","evidence_excerpt":"On April 4, 2025, the Company entered into a new business loan and security agreement with an effective date of April 4, 2025 (the “New Loan Agreement”) by and among an investor (the “New Lender”), a collateral agent (the “Collateral Agent”), the Company and its subsidiary, Humble Imports Inc., pursuant to which the Company received a term loan from the New Lender in the principal amount of $1,824,300 (the “New Loan”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1922858/000121390025031173/0001213900-25-031173-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$1,824,300"},{"label":"Counterparty","value":"New Lender"},{"label":"Rate","value":"interest in the aggregate amount of $638,505"},{"label":"Maturity","value":"August 4, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"fd711467ad303e09180c52aa83aca8db5aacd550","claim":"ECD Automotive Design, Inc. incurred term loan of $1,575,000 with Agile Lending, LLC at interest in the aggregate amount of $661,500 maturing September 22, 2025.","evidence_excerpt":"As previous disclosed, on February 20, 2025, ECD Automotive Design Inc. (the “Company”) entered into a business loan and security agreement with an effective date of February 20, 2025 (the “Agile Loan Agreement”) by and among a commercial lender (“Collateral Agent”), Agile Lending, LLC (“Lender”), the Company and its subsidiary, Humble Imports Inc., pursuant to which the Company received a term loan from Lender in the principal amount of $1,575,000 (the “Agile Loan”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1922858/000121390025031173/0001213900-25-031173-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$1,575,000"},{"label":"Counterparty","value":"Agile Lending, LLC"},{"label":"Rate","value":"interest in the aggregate amount of $661,500"},{"label":"Maturity","value":"September 22, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}