ECD Automotive Design Announces 1-for-5 Reverse Stock Split

Core Viewpoint - ECD Automotive Design, Inc. will implement a 1-for-5 reverse stock split effective December 26, 2025, to increase its stock price and meet Nasdaq listing requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every five pre-split shares into one share, reducing the total outstanding shares from approximately 6,925,006 to about 1,385,002 [3]. - The reverse stock split was approved by stockholders on July 22, 2025, with the final ratio determined by the Board of Directors [2]. - The reverse stock split will not affect the number of authorized shares or the par value of the common stock [3]. Group 2: Shareholder Information - Shareholders holding shares in book-entry form will not need to take action to receive post-split shares, while those with certificated shares will receive instructions from the transfer agent [4]. - No fractional shares will be issued; instead, fractional shares will be rounded up to the nearest whole share [4]. Group 3: Company Overview - ECD is the largest Land Rover and Jaguar restoration company, known for custom luxury builds, including bespoke Defenders and Range Rovers [6]. - Founded in 2013, ECD combines classic vehicle aesthetics with modern performance, employing master-certified craftsmen [6]. - The company's headquarters, the "Rover Dome," spans 100,000 square feet in Kissimmee, Florida, housing 87 staff members, including 67 craftsmen with a total of 66 ASE certifications [6].