ECD Automotive Design.
Inc. to Ring NASDAQ Opening Bell on December 13,
2023
KISSIMMEE, FL -- December 12, 2023 -- InvestorsHub
NewsWire -- Humble Imports, Inc. d/b/a ECD Auto
Design ("ECD" or the "Company"), a leader in
delivering restored, modified and electrified Land Rover Defenders,
Jaguars, and other classic and collectible automobiles, and EF
Hutton Acquisition Corporation I ("EFHT") (NASDAQ:EFHT),
a special purpose acquisition company formed by affiliates of EF
Hutton LLC, today announced that following the completion of the
previously announced business combination between ECD and EFHT, the
newly combined company will be named "ECD Automotive Design Inc.",
and its common stock and warrants will trade on the Nasdaq Global
Market under the symbols "ECDA" and "ECDAW," respectively, from the
open of trading on Wednesday, December 13, 2023.
Nasdaq Opening Bell Ceremony
ECD management is scheduled to ring the opening bell of the
Nasdaq Stock Market on Wednesday, December 13, 2023. The opening
bell ceremony will be broadcast live starting at 9:15 a.m. Eastern
Time from the NASDAQ MarketSite Tower in New York, NY. To view the
broadcast, please click
here.
Advisors
EF Hutton LLC is serving as Capital Markets Advisor and
Placement Agent to EFHT. Loeb & Loeb, LLP is serving as legal
counsel to EFHT. PAG.Law PLLC and Shuffled, Lowman & Wilson PA
are serving as legal counsel to ECD
About Humble Imports, Inc. d/b/a ECD Auto
Design
ECD is a creator of restored luxury vehicles that combines
classic English beauty with modern performance. Currently, ECD
restores Land Rovers Defenders, Land Rover Series IIA, the Range
Rover Classic and the Jaguar E-Type. Each vehicle produced by ECD
is fully bespoke, a one-off that is designed by the client through
an immersive luxury design experience and hand-built from the
ground up in 2,200 hours by master-certified Automotive Service
Excellence ("ASE") craftsmen. The Company was founded in 2013 by
three British "petrol heads'' whose passion for classic vehicles is
the driving force behind exceptionally high standards for quality,
custom luxury vehicles. ECD's global headquarters, known as the
"Rover Dome," is a 100,000-square-foot facility located in
Kissimmee, Florida that is home to 83 talented craftsmen and
technicians, who hold a combined 61 ASE and five master level
certifications. ECD has an affiliated logistics center in the U.K.
where its seven employees work to source and transport 25-year-old
work vehicles back to the U.S. for restoration.
Copies of this and other news releases as well as other
information about ECD Auto Design can be obtained online
at www.ecdautodesign.com.
About EF Hutton Acquisition Corporation I
EFHT is a blank check company formed for the purpose of
effecting a merger, amalgamation, share exchange, asset
acquisition, share purchase, reorganization, or similar business
combination with one or more businesses.
Forward-Looking Statements
This press release includes "forward-looking statements"
within the meaning of the "safe harbor" provisions of the United
States Private Securities Litigation Reform Act of 1995. ECD's and
EFHT's actual results may differ from their expectations,
estimates, and projections and, consequently, you should not rely
on these forward-looking statements as predictions of future
events. Words such as "expect," "estimate," "project," "budget,"
"forecast," "anticipate," "intend," "plan," "may," "will," "could,"
"should," "believes," "predicts," "potential," "continue," and
similar expressions (or the negative versions of such words or
expressions) are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, ECD's and EFHT's expectations with respect to future
performance and anticipated financial impacts of the proposed
Business Combination, the satisfaction of the closing conditions to
the proposed Business Combination, and the timing of the completion
of the proposed Business Combination.
These forward-looking statements involve significant risks
and uncertainties that could cause the actual results to differ
materially from those discussed in the forward-looking statements.
Most of these factors are outside ECD's and EFHT's control and are
difficult to predict. Factors that may cause such differences
include, but are not limited to: (1) the occurrence of any event,
change, or other circumstances that could give rise to the
termination of the Merger Agreement; (2) the outcome of any legal
proceedings that may be instituted against ECD and EFHT following
the announcement of the Merger Agreement and the transactions
contemplated therein; (3) the inability to complete the proposed
Business Combination, including due to failure to satisfy
conditions to closing in the Merger Agreement; (4) the occurrence
of any event, change, or other circumstance that could give rise to
the termination of the Merger Agreement or could otherwise cause
the transaction to fail to close; (5) the inability to obtain the
listing of the combined company's common stock on the Nasdaq Stock
Market following the proposed Business Combination; (6) the risk
that the proposed Business Combination disrupts current plans and
operations as a result of the announcement and consummation of the
proposed Business Combination; (7) the ability to recognize the
anticipated benefits of the proposed Business Combination, which
may be affected by, among other things, competition, the ability of
ECD to grow and manage growth profitably, and retain its key
employees; (8) costs related to the proposed Business Combination;
(9) changes in applicable laws or regulations; (10) the possibility
that ECD and EFHT may be adversely affected by other economic,
business, and/or competitive factors; (11) risks relating to the
uncertainty of the projected financial information with respect to
ECD; (12) risks related to the organic and inorganic growth of
ECD's business and the timing of expected business milestones; and
(13) other risks and uncertainties indicated from time to time in
the final prospectus of EFHT for its initial public offering and
the registration statement on Form S-4, including the proxy
statement relating to the proposed Business Combination, including
those under "Risk Factors" therein, and in EFHT's other filings
with the SEC. EFHT cautions that the foregoing list of factors is
not exclusive. ECD and EFHT caution readers not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. ECD and EFHT do not undertake or accept any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change
in their expectations or any change in events, conditions, or
circumstances on which any such statement is based.
No Offer or Solicitation
This press release shall not constitute a solicitation of a
proxy, consent, or authorization with respect to any securities or
in respect of the proposed Business Combination. This press release
shall also not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of
securities in any states or jurisdictions in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended, or an exemption therefrom.
Contacts:
For Humble Imports, Inc. d/b/a ECD Auto Design:
Scott Wallace
Chairman and CEO
4930 Industrial Lane, Unit 107, Kissimmee, FL 34758
Email: investorrelations@ecdautodesign.com
Tel: 407-483-4825
Rob Fink or Matt Chesler
FNK IR
Email: ecda@fnkir.com
Tel: 646-809-4048 / 646-809-2183
For EF Hutton Acquisition Corporation I:
Benjamin Piggott
Chairman and CEO
Email: bpiggott@efhuttonacquisitioncorp.com
Tel: 929-528-0767
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