ECD Automotive Design Achieves Nasdaq Compliance Status
ECD Automotive Design Regains Nasdaq Compliance
ECD Automotive Design, Inc. (NASDAQ: ECDA) has recently announced a significant achievement that reassures its shareholders. After an intensive period of evaluation, the world’s leading Land Rover and Jaguar restoration company confirmed that it has regained compliance with the minimum bid price requirement mandated by Nasdaq.
Details of the Bid Price Requirement
On October 10, 2025, ECD received written confirmation from Nasdaq indicating compliance with the listing requirement outlined in Rule 5550(a)(2). This followed the achievement of a closing bid price exceeding $1.00 per share for a duration of 16 consecutive business days that concluded on October 9, 2025. Impressively, the company’s shares were recorded at approximately $2.72 per share on the compliance date, which is reflective of ECD's strong market position.
CEO's Remarks on the Achievement
Scott Wallace, the CEO and Co-Founder of ECD, expressed his enthusiasm about this pivotal milestone, stating, “We are delighted to have met this requirement, which further supports ECD’s standing on Nasdaq. This development enhances the liquidity and tradability of our shares, greatly benefiting our investors.” Such assurances fortify investor confidence as the company continues to innovate and grow in a competitive marketplace.
Future Compliance Goals
While reaching this bid price threshold is a tremendous step forward, ECD is not resting on its laurels. The company is diligently working towards meeting additional requirements laid out in the September decision by the Nasdaq Hearings Panel, particularly aiming for compliance with Nasdaq's equity standards by January 7, 2026. This proactive approach exemplifies ECD's commitment to maintaining its listing status and fostering strategic growth.
About ECD Automotive Design
Founded in 2013, ECD is a trailblazer in the luxury vehicle restoration segment, particularly known for transforming classic Land Rover models, Jaguar E-Types, and more recently, Ford Mustangs and Toyota FJs into bespoke, high-performance masterpieces. Each vehicle crafted by ECD is meticulously bespoke, reflecting the unique vision of its owner, all through an immersive design process. Averaging 2,200 hours of hand-built craftsmanship, the vehicles are constructed by highly skilled technicians, many of whom possess prestigious Automotive Service Excellence (ASE) certifications.
Headquarters and Operations
The company is located at its impressive 100,000-square-foot headquarters, often referred to as the "Rover Dome," situated in Kissimmee, Florida. This facility houses a dedicated workforce of 102 employees, with 67 of them being master-certified craftsmen and technicians. Furthermore, ECD has established operations in the U.K. to facilitate the sourcing of classic vehicles, ensuring a steady supply for restoration projects.
Commitment to Quality
At ECD Automotive Design, every vehicle is a labor of love, created with an unwavering commitment to quality and excellence. This dedication not only strengthens the brand’s reputation but also establishes a lasting connection with clients who value heritage, luxury, and performance in their vehicles.
Frequently Asked Questions
What are the recent compliance updates from ECD Automotive Design?
ECD has regained compliance with Nasdaq's minimum bid price requirement, which supports its ongoing market presence.
What minimum bid price did ECD achieve?
The company demonstrated a closing bid price of approximately $2.72 per share, exceeding the $1.00 requirements of Nasdaq.
Who is the CEO of ECD Automotive Design?
Scott Wallace is the CEO and Co-Founder, leading the company toward future growth and compliance.
What vehicles does ECD specialize in restoring?
ECD specializes in restoring luxury models like Land Rover Defenders, Jaguar E-Types, Ford Mustangs, and Toyota FJs.
How does ECD ensure quality in its restorations?
Each vehicle is handcrafted over 2,200 hours by skilled craftsmen, maintaining a focus on quality and bespoke design.
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