ECD issues 550k warrants at $0.01 to settle $2.09M legal fees with Loeb & Loeb

ECD Automotive Design, Inc.

Issued warrant for 550k shares at $0.01/share to settle $2,090,000 in legal fees owed to securities counsel Loeb & Loeb.
Warrants exercisable for 3 years; beneficial ownership capped at 4.99% for holder.
Fees reduced dollar-for-dollar by net proceeds from warrant share sales; unsold warrants/shares returned if fees fully covered.
Loeb granted one demand registration and unlimited piggyback registration rights for 5 years.
Legal matters list includes SEC investigation and Nasdaq hearing, indicating ongoing regulatory and listing challenges.

item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.