ECD Automotive Design, Inc. has disclosed in its recent Form 8-K filing that on March 24, 2026, the Holder of its senior secured convertible notes exercised its right to purchase additional notes amounting to $395,859.66. This purchase is part of a previously established securities purchase agreement from June 5, 2025, which allowed for an aggregate principal amount of up to $21,972,275.38 in notes. The additional notes will mature on December 12, 2026, unless converted or redeemed earlier. The terms of these notes include a beneficial ownership limitation, restricting the Holder from owning more than 9.99% of the outstanding common stock upon conversion. If converted at the floor price of $0.0034 per share, the additional notes could potentially convert into approximately 116,429,312 shares of common stock. As of the date of this report, the Holder is also the parent company of ECD Automotive Design, Inc., with outstanding loans totaling $12,844,574. The transaction is exempt from registration requirements under the Securities Act, indicating that it did not involve a public offering and that the investors are accredited investors taking the securities for investment purposes only.

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