---
title: "ECD Automotive Design Sells $395,860 Additional Senior Secured Convertible Notes to Parent, Maturing 2026"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281081332.md"
description: "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."
datetime: "2026-03-30T21:53:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281081332.md)
  - [en](https://longbridge.com/en/news/281081332.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281081332.md)
---

# ECD Automotive Design Sells $395,860 Additional Senior Secured Convertible Notes to Parent, Maturing 2026

ECD Automotive Design expanded its June 2025 financing by selling an additional $395,859.66 in senior secured convertible notes to its parent institutional investor, effective Mar 23, 2026. The purchase price was $360,326.85, and the notes mature on Dec 12, 2026, unless earlier converted or redeemed. A 9.99% beneficial ownership cap applies, and at the $0.0034 floor price, the notes would be convertible into 116,429,312 shares. The company expects the transaction to bolster liquidity and financial flexibility.

**Agreement details:**

-   **Agreement type**: Senior secured convertible notes purchase under June 2025 securities purchase agreement
-   **Counterparty**: Institutional investor (parent company)
-   **Signed / Effective**: Mar 24 2026 / Mar 23 2026
-   **Duration / Termination**: Until Dec 12 2026
-   **Reason**: Strengthen liquidity and financial flexibility

Original SEC Filing: ECD Automotive Design, Inc. \[ ECDA \] - 8-K - Mar. 30, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [ECDA.US](https://longbridge.com/en/quote/ECDA.US.md)
- [CARZ.US](https://longbridge.com/en/quote/CARZ.US.md)
- [DRIV.US](https://longbridge.com/en/quote/DRIV.US.md)
- [MOTO.US](https://longbridge.com/en/quote/MOTO.US.md)
- [CARU.US](https://longbridge.com/en/quote/CARU.US.md)

## Related News & Research

- [Envirotech Vehicles Delays Quarterly SEC Filing](https://longbridge.com/en/news/286623579.md)
- [Xos Q1 revenue nearly doubles, gross margin hits record high](https://longbridge.com/en/news/286463493.md)
- [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md)
- [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md)
- [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md)