ECD Automotive Design Sells $395,860 Additional Senior Secured Convertible Notes to Parent, Maturing 2026
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ECD Automotive Design has sold an additional $395,860 in senior secured convertible notes to its parent institutional investor, effective March 23, 2026. The notes, purchased for $360,327, mature on December 12, 2026, and are convertible into 116,429,312 shares at a floor price of $0.0034. This transaction aims to enhance the company's liquidity and financial flexibility, as per the June 2025 securities purchase agreement.
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