ECD Automotive Design, Inc. 8-K

What Happened ECD Automotive Design, Inc. (ECDA) announced that the Nasdaq Hearings Panel determined to delist the company’s common stock and warrants from The Nasdaq Stock Market and that trading on Nasdaq will be suspended at the open on January 16, 2026. The company expects its securities to begin trading on the OTC Market beginning January 16 (the filing contains a 2025 date that appears to be a typographical error).

Key Details

• Nasdaq initially notified ECDA of non-compliance with the $1.00 minimum bid rule (Feb 5, 2025) and the $35 million Market Value Listing Standard (MVLS) (Feb 25, 2025); repeat notices followed in August 2025.
• ECDA requested hearings; the Panel granted compliance extensions (until Oct 1, 2025 for the minimum bid and Jan 7, 2026 for MVLS). The company implemented a 1-for-40 reverse stock split on Sept 18, 2025, which temporarily cured the minimum bid deficiency in Oct 2025.
• Corporate financing actions: in June 2025 the company executed a $500 million equity line of credit; a lender converted $13.7 million of debt into preferred equity and purchased an additional $1.1 million of preferred stock.
• On Dec 29, 2025 Nasdaq again notified ECDA that the stock closed below $1 over 30 consecutive business days; because ECDA had effected a reverse split within the prior year, it was not eligible for the usual 180-day cure period under Listing Rule 5810(c)(3)(A)(iv). The Panel’s January 15, 2026 decision followed the company’s submissions.

Why It Matters Delisting from Nasdaq means ECDA’s securities will no longer trade on a national exchange, which can reduce liquidity, limit investor access, and affect visibility for current and potential shareholders. Moving to the OTC Market generally results in lower trading volumes and may impact the ease of buying or selling shares and warrants. The filing documents the company’s prior efforts to regain compliance (reverse split, equity line, debt conversions) but confirms Nasdaq’s decision to suspend and delist effective Jan 16, 2026.