Core Insights - ECD Automotive Design, Inc. has exchanged $10 million of outstanding convertible promissory notes for 15,000 newly issued shares of Series C Convertible Preferred Stock, and completed a private placement of 1,111 shares for $999,900, enhancing its capital structure [1][2] Financial Transactions - The exchange of convertible notes significantly deleverages the business and reduces cash interest expenses, while the equity raise provides additional working capital for operations and expansion into new high-value geographies [2] Company Overview - ECD is the world's largest Land Rover and Jaguar restoration company, known for custom luxury builds including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [1][3] - Founded in 2013, ECD combines classic English beauty with modern performance, with each vehicle being a bespoke creation designed by the client and hand-built over 2,200 hours by master-certified craftsmen [3] - The company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 67 craftsmen and technicians with a combined 66 ASE and three master level certifications [3]