ECD Automotive Design Inc. (NASDAQ:ECDA) shares fell 33.7% in premarket trading on Monday following the company’s announcement of a 1-for-40 reverse stock split.
The reverse split, set to take effect at the market open on September 18, 2025, is designed to increase the stock’s per-share price to comply with Nasdaq’s $1.00 minimum bid requirement for continued listing. The adjustment will reduce the company’s outstanding shares from roughly 59.1 million to about 1.48 million, while keeping the total authorized shares and par value unchanged.
ECD Automotive Design, which describes itself as the world’s largest Land Rover and Jaguar restoration firm, received shareholder approval for the split at its annual meeting on July 22, 2025. The company specializes in bespoke luxury vehicles, including customized Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs.
Shareholders holding book-entry shares do not need to take any action. Those with certificated shares will receive instructions from the company’s transfer agent, Continental Stock Transfer and Trust. No fractional shares will be issued; any fractions will be rounded up to the nearest full share.
The stock will continue trading on the Nasdaq Capital Market under the ticker “ECDA,” though it will carry a new CUSIP number: 27877D104.
ECD Automotive Design stock price
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