secwatch.observer — SEC 8-K summary
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Issuer:     ECD Automotive Design, Inc. (—)
CIK:        0001922858
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001437749-26-007837
Event type: m_and_a
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 2.03, 3.02, 3.03, 5.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ECD Automotive changes control via exchange and merger; minority cashed out at $0.0176
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- Exchange of 3,663 Series C preferred shares for 207M common shares at $0.0176/share, a 55% premium to March 11 close.
- Classic acquired 91% of common stock post-exchange; next day short-form merger cashed out remaining holders at $0.0176.
- Company was deactivated in Delaware on March 1, 2026, reactivated on March 11 before the exchange.
- Victoria Hay appointed CEO on Feb 3, 2026, replacing Scott Wallace who became COO with salary reduced to $260K.
- Holder purchased additional convertible notes totaling $567,983 principal in Feb-Mar 2026; convertible at floor price $0.0034.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1922858/000143774926007837/0001437749-26-007837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1922858/000143774926007837/ecda20260310_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-007837

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer