ECD Automotive Design converts $10M note to Series C preferred, sells 1,111 more shares

ECD Automotive Design, Inc.

Holder exchanged $10M December 2023 note principal for 15,000 Series C shares on August 7, 2025.
August 13 SPA: Company sold 1,111 Series C preferred shares at $900 per $1,000 stated value, netting $999,900.
Additional closings allow purchase of up to 25,000 Series C shares over 5 years, raising potential $22.5M.
Series C convertible into common stock, increasing potential dilution for existing shareholders.

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