secwatch.observer — SEC 8-K summary
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Issuer:     ECD Automotive Design, Inc. (—)
CIK:        0001922858
Form:       8-K
Filed at:   2025-07-07T23:59:59+00:00
Accession:  0001213900-25-061673
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ECD Automotive converts $2.46M loan into Series C preferred, issues $0.82M senior convertible note
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1922858/000121390025061673/0001213900-25-061673-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1922858/000121390025061673/ea0248247-8k_ecdauto.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-061673

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