secwatch.observer — SEC 8-K summary
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Issuer:     ECD Automotive Design, Inc. (—)
CIK:        0001922858
Form:       8-K
Filed at:   2026-03-18T23:59:59+00:00
Accession:  0001437749-26-008756
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ECD Automotive issues $2.66M in convertible notes to parent; warrants deemed worthless post-merger
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- Parent holder purchased additional $2,663,770 Notes at $2,424,667 on Mar 12, 2026; mature Dec 12, 2026.
- Notes convertible at floor price $0.0034/share, capped at 9.99% beneficial ownership limit.
- Uncapped conversion would yield 783,461,765 shares; parent's aggregate debt now $12.48M.
- Due to merger, warrant holders receive $0.0176 per pre-merger share; exercise price $2,300, warrants have no value.
- Issuance exempt under Rule 506(b) as private placement to accredited investor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1922858/000143774926008756/0001437749-26-008756-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1922858/000143774926008756/ecda20260318_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-008756

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