{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-061673","form_type":"8-K","ticker":null,"cik":"0001922858","company_name":"ECD Automotive Design, Inc.","filed_at":"2025-07-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.624068+00:00","generated_at":"2026-05-18T09:21:49.231682+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"ECD Automotive converts $2.46M loan into Series C preferred, issues $0.82M senior convertible note","bullets":["Lender converted $2,462,805 Loan Agreement balance into 5,000 Series C Preferred shares at $2.00/sh conversion.","Series C Preferred earns 5% annual dividend, payable quarterly in kind or cash, convertible to common at $2.00/sh.","New $823,960 Senior Secured Convertible Note issued, maturing Dec 12, 2026, interest at Prime+5% (or +8% if PIK).","Note convertible at $2.00/sh; alternate conversion at 85% of VWAP on default; optional redemption at 20% premium.","This follows June 20 exchange of Series B for Series C and April 4 Loan Agreement; all with same private lender."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-061673","json":"https://secwatch.observer/filing/0001213900-25-061673.json","markdown":"https://secwatch.observer/filing/0001213900-25-061673.md","text":"https://secwatch.observer/filing/0001213900-25-061673.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1922858/000121390025061673/0001213900-25-061673-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1922858/000121390025061673/ea0248247-8k_ecdauto.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:21:49.231682+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":"23554bf3ee90e184385dd684a81669aeaf815fa6","claim":"ECD Automotive Design, Inc. incurred senior notes of $823,960.33 with the Lender at Prime Interest rate plus 5% per annum maturing December 12, 2026.","evidence_excerpt":"the Company executed and delivered to the Lender a senior secured convertible note, dated July 7, 2025 (the \"July 2025 Note\"), in exchange for a loan in the original principal amount of $823,960.33.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1922858/000121390025061673/0001213900-25-061673-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$823,960.33"},{"label":"Counterparty","value":"the Lender"},{"label":"Rate","value":"Prime Interest rate plus 5% per annum"},{"label":"Maturity","value":"December 12, 2026"},{"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"}