ECD Automotive Design, Inc. announces a 1-for-5 reverse stock split effective December 26, 2025.
The reverse stock split aims to increase the per share trading price of ECD's common stock to comply with Nasdaq requirements.
This action follows the approval by stockholders at the annual meeting held on July 22, 2025.
Reverse Stock Split Implementation
Effective December 26, 2025, every five pre-split shares will be combined into one share, reducing outstanding shares.
Compliance with Nasdaq Requirements
The reverse stock split is intended to satisfy the $1.00 minimum bid price requirement for continued listing on Nasdaq.
Shareholder Instructions
Stockholders with certificated shares will receive instructions from Continental Stock Transfer and Trust for post-split shares.
- The reverse stock split will consolidate ECD's outstanding common stock and potentially increase the stock's trading price.
- Stockholders need not take action for electronic shares, while fractional shares will be rounded up to the nearest whole share for certificated shares.
ECD Automotive Design's reverse stock split reflects a strategic move to maintain compliance with Nasdaq listing requirements and enhance shareholder value.