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ECD Automotive Design, Inc. (NASDAQ:ECDA), the ("ECD" or the "Company"), the world's largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs and Toyota FJs, today announced that it received written notice from Nasdaq on October 10, 2025, confirming that the Company regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).
As required by the Nasdaq Hearings Panel decision for continued listing on the exchange dated September 16, 2025, the Company evidenced a closing bid price of at least $1.00 per share for the 16-consecutive business day period ending October 9, 2025. ECD shares closed at approximately $2.72 per share on October 10, 2025.
Scott Wallace, CEO and Co-Founder of ECD commented, "We are pleased to have met this requirement, which supports ECD's continued listing on Nasdaq and provides the ongoing tradability and liquidity of our shares for investors."
The Company continues to work toward meeting the remaining continued listing condition outlined in the Panel's September 16, 2025 decision, which requires compliance with Nasdaq's equity standard by January 7, 2026.
Posted In: ECDA
