KISSIMMEE, Fla., Oct. 22, 2025 (GLOBE NEWSWIRE) -- ECD Automotive Design, the world’s largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs and Toyota FJs, today announced the launch of its latest bespoke build, Project Nantucket, a stunning Defender 110 Soft Top that captures the essence of timeless coastal sophistication. Images of Project NantucketVideo of Project Nantucket Finished in a breezy Lotus ...

KISSIMMEE, Fla., Oct. 14, 2025 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (NASDAQ: ECDA), the (“ECD” or the “Company”), the world’s largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs and Toyota FJs, today announced that it received written notice from Nasdaq on October 10, 2025, confirming that the Company regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a ...

Core Points - ECD Automotive Design, Inc. has been granted continued listing on The Nasdaq Stock Market by the Nasdaq Hearings Panel, allowing the company to maintain its listing while addressing specific conditions [2] - The company has demonstrated encouraging financial momentum with record quarterly revenue and an expanded product offering [2] - ECD executed a $500 million equity line of credit and converted $13.7 million in debt to preferred equity, along with an additional purchase of $1.1 million in preferred stock [3] 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 [2] - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 102 staff, including 67 craftsmen with a combined 66 ASE certifications [4] - ECD focuses on creating fully bespoke vehicles, designed through a luxury experience and hand-built over 2,200 hours [4] Compliance Requirements - The company must demonstrate compliance with the minimum bid price requirement of $1.00 for ten consecutive trading days by October 1, 2025 [6] - ECD is also required to meet the equity standard of at least $2.5 million in stockholder equity by January 7, 2026 [6]

Core Viewpoint - ECD Automotive Design, Inc. has received approval from the Nasdaq Hearings Panel to continue its listing on Nasdaq, contingent upon meeting specific conditions related to minimum bid price and equity standards [1][5]. Group 1: Company Overview - ECD 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][3]. - The company was founded in 2013 by three British automotive enthusiasts and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 102 staff, including 67 craftsmen and technicians with a total of 66 ASE certifications [3]. Group 2: Financial Actions and Compliance - To comply with the $1.00 minimum bid price requirement, ECD executed a 1-for-40 reverse stock split of its common stock on September 18, 2025 [2]. - In June 2025, ECD secured a $500 million equity line of credit and a lender converted $15.5 million in debt to preferred equity, along with an additional purchase of $1.1 million in preferred stock [2]. - The company aims to demonstrate compliance with the minimum bid price by achieving a closing bid price of $1.00 or more for ten consecutive trading days by October 1, 2025, and to meet the equity standard of at least $2.5 million by January 7, 2026 [5]. Group 3: Management Commentary - Scott Wallace, CEO and Co-Founder of ECD, expressed satisfaction with the Panel's decision, highlighting the company's recent financial results, which show record quarterly revenue and an expanded product offering [1].

Company Overview - ECD Automotive Design, Inc. is 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][2] - The company was founded in 2013 by three British automotive enthusiasts and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 102 staff, including 67 craftsmen and technicians with a total of 66 ASE certifications and three master level certifications [2] Recent Developments - ECD has corrected the CUSIP number for its post Reverse Stock Split common stock to 27877D203, effective from market opening on September 18, 2025, with trading continuing under the existing symbol "ECDA" [1] - The company emphasizes its commitment to quality, with each vehicle taking approximately 2,200 hours to hand-build, tailored to the client's specifications through a luxury design experience [2] Market Position - ECD combines classic English aesthetics with modern performance in its restored luxury vehicles, positioning itself uniquely in the automotive restoration market [2] - The company has expanded its offerings to include recently added models such as the Ford Mustang and Toyota FJ, indicating growth and diversification in its product line [2]

Core Points - ECD Automotive Design, Inc. will implement a 1-for-40 reverse stock split effective September 18, 2025, to increase its stock price above the $1.00 minimum bid requirement for Nasdaq listing [1][2] - The reverse stock split will reduce the number of outstanding shares from approximately 59,091,136 to about 1,477,278 shares, without changing the number of authorized shares or par value [3] - Shareholders holding shares electronically will not need to take action, while those with certificated shares will receive instructions from the transfer agent [4] Company Overview - ECD is the world's largest Land Rover and Jaguar restoration company, known for custom luxury builds including bespoke Defenders, Range Rovers, and Jaguar E-Types [1][6] - Founded in 2013, ECD combines classic vehicle aesthetics with modern performance, employing 102 staff, including 67 craftsmen with numerous certifications [6] - The company operates from a 100,000-square-foot facility in Kissimmee, Florida, and has a logistics center in the U.K. for sourcing restoration vehicles [6]

Core Concept - ECD Automotive Design introduces Project Oliver, a bespoke 1996 Land Rover Defender D110 that combines rugged performance with luxury design, reflecting the individuality of its clients [2][5]. Company Overview - ECD Automotive Design is a public company trading under ECDA on Nasdaq, specializing in the restoration of luxury vehicles, blending classic aesthetics with modern performance [9]. - Founded in 2013 by three British automotive enthusiasts, the company emphasizes high standards for quality and custom luxury vehicles, with each vehicle taking approximately 2,200 hours to hand-build [9]. Product Specifications - Project Oliver features a robust LT1 V8 engine paired with a 10-speed automatic transmission, designed for both on-road and off-road performance [3][8]. - The vehicle includes advanced features such as a central locking differential, heavy-duty axles, BREMBO brakes, and ECD's signature Air Ride suspension [3][8]. - The exterior is finished in Mercedes-Benz Obsidian Black Metallic, with custom details like ceramic-coated dual exhaust tips and a bespoke steering guard [4][8]. Interior Features - The interior of Project Oliver is crafted for comfort and durability, featuring premium black leather with diamond stitching and a black suede headliner [5][8]. - It includes modern technology upgrades such as a touchscreen infotainment system with CarPlay, premium audio, and a 360° external camera system [6][7][8]. Customization and Craftsmanship - Each vehicle produced by ECD is fully bespoke, designed by the client through a luxury design experience, ensuring that every detail reflects the owner's individuality [5][9]. - The company employs master-certified Automotive Service Excellence craftsmen, with a combined total of 80 ASE certifications and five master-level certifications [9].

Core Insights - ECD Automotive Design, Inc. reported record revenue of $7.0 million for Q2 2025, up from $6.5 million in the same quarter last year, driven by bespoke demand and manufacturing efficiencies [5][7] - The company experienced a decline in gross profit to $1.4 million from $2.1 million year-over-year, primarily due to tariff impacts [5][7] - ECD's net loss increased to $4.3 million in Q2 2025, compared to a net loss of $2.0 million in the same quarter last year, attributed to reduced margins and increased general and administrative expenses [7][10] Financial Performance - Revenue for Q2 2025 was $7.0 million, a 7.7% increase from $6.5 million in Q2 2024 [7][9] - Gross profit decreased to $1.4 million, reflecting a decline of 32.8% from $2.1 million in the prior year [7][9] - Operating expenses rose to $4.0 million, an increase of $1.4 million from the previous year [9] - The operating loss for Q2 2025 was $2.6 million, compared to a loss of $0.5 million in Q2 2024 [10] Strategic Developments - ECD launched its first Mustang build in partnership with Roush Performance, expanding its product portfolio into the American muscle car category [6][8] - The company secured a $500 million equity facility aimed at accumulating Bitcoin as a primary reserve asset and funding growth initiatives [7][8] - Seasonal pop-up retail locations in Nantucket, MA, and West Palm Beach, FL, have contributed positively to order backlog and sales, serving as engagement hubs for the brand [6][8] Management Changes - Victoria Hay was appointed as Chief Financial Officer effective August 15, 2025, bringing experience from growth-stage public companies [7][8] - Ben Piggot will transition to Director of Corporate Development, focusing on strategic initiatives including mergers and acquisitions [7][8]

Core Concept - ECD Automotive Design introduces Project Daybreak, a custom-built Defender 110 that combines rugged capability, refined comfort, and timeless heritage, aimed at both urban and adventurous driving experiences [2][7]. Vehicle Specifications - Project Daybreak features a 430-horsepower LS3 V8 engine paired with a 6-speed automatic transmission, ensuring responsive performance across various terrains [3][8]. - The vehicle is equipped with ECD Air Ride suspension for a smooth ride, heavy-duty stock axles, robust disc brakes, and 18-inch Cornish Cream Sawtooth wheels with BFG All-Terrain tires [3][8]. Design and Comfort - The exterior showcases meticulous detailing, including a Heritage-style grille, Zermatt Silver accents, and fold-down steps, reflecting the company's commitment to perfection [4]. - Inside, the vehicle offers RECARO Orthoped front seats in chocolate brown leather, heated and cooled front seats, and a combination of black leather and French Oak wood accents, creating a functional yet inviting environment [5][6]. Technology Integration - Project Daybreak incorporates modern technology with features such as a touchscreen stereo with wireless CarPlay, Pioneer audio system, 360-degree camera view, and remote start capabilities [6][8]. Company Overview - ECD Automotive Design, publicly traded under ECDA on Nasdaq, specializes in restoring luxury vehicles, blending classic aesthetics with modern performance [9]. - Founded in 2013, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled workers with extensive certifications in automotive service [9].

Group 1 - ECD Automotive Design, Inc. plans to review its operating and financial results for the second quarter ended June 30, 2025, on August 21, 2025, at 8:30 a.m. E.T. [1] - The conference call will be hosted by CEO Scott Wallace and CFO Victoria Hay [2] - A telephonic replay of the conference call will be available through September 4, 2025 [4] Group 2 - 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][4] - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 102 staff, including 67 craftsmen and technicians [4] - ECD specializes in fully bespoke vehicles, designed by clients through a luxury design experience and hand-built over 2,200 hours by master-certified Automotive Service Excellence craftsmen [4]