ECD Automotive Design, Inc. Announces Additional Closing of Series C Preferred Stock Offering

ECD Automotive Design, Inc. (the "Company") has announced an additional closing of its Series C Convertible Preferred Stock offering. On October 24, 2025, the Holder elected to participate in the First Additional Closing under the previously disclosed Securities Purchase Agreement (SPA). The Company will sell 1,111 shares of Series C Preferred Stock with a Stated Value of $1,111,000 for a discounted purchase price of $999,900. The First Additional Closing occurred on October 28, 2025. The Company also plans to implement cost-reduction measures expected to result in annualized savings of approximately $1.6 million and pursue strategic transactions to support growth and enhance margins. These actions aim to assist the Company in regaining compliance with Nasdaq's shareholder equity continued listing requirement.