ECD Automotive Design Announces Satisfaction of Nasdaq Bid Price Condition

Core Points - ECD Automotive Design, Inc. has regained compliance with Nasdaq's minimum bid price requirement, confirming a closing bid price of at least $1.00 per share for 16 consecutive business days ending October 9, 2025 [1][2] - ECD shares closed at approximately $2.72 per share on October 10, 2025, indicating a positive market response [2] - The company is working towards meeting additional listing conditions set by the Nasdaq Hearings Panel, specifically compliance with Nasdaq's equity standard by January 7, 2026 [3] Company Overview - ECD Automotive Design is recognized as the world's largest Land Rover and Jaguar restoration company, specializing in custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [1][4] - Founded in 2013, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 102 staff members, including 67 craftsmen and technicians with a combined total of 66 ASE certifications [4] - ECD's vehicles are fully bespoke, designed through a luxury experience, and hand-built over approximately 2,200 hours by master-certified craftsmen [4]