secwatch.observer — SEC 8-K summary
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Issuer:     ECD Automotive Design, Inc. (—)
CIK:        0001922858
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001213900-25-031173
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ECD Automotive Design enters $1.824M loan with Defender SPV, pays off prior Agile Loan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1922858/000121390025031173/0001213900-25-031173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1922858/000121390025031173/ea0237934-8k_ecdauto.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-031173

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