UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 7.01 Regulation FD Disclosure
On December 3, 2024, ECD Automotive Design, Inc. (the “Company”) issued a press release announcing that the Company entered into a strategic relationship with One Drivers Club for its first retail launch in West Palm Beach. A copy of the Release is attached hereto as Exhibit 99.1.
The information in this Item 7.01, including Exhibit 99.1, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act or the Exchange Act, regardless of any general incorporation language in such filings. This Report will not be deemed an admission as to the materiality of any information of the information contained in this Item 7.01, including Exhibit 99.1.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this communication and on the current expectations of ECD’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of ECD. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, market, financial, political and legal conditions.
If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that ECD do not presently know, or that ECD currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect ECD’s current expectations, plans and forecasts of future events and views as of the date hereof. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein and the risk factors of ECD described in the ECD’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on May 3, 2024, including those under “Risk Factors” therein. ECD anticipates that subsequent events and developments will cause its assessments to change. However, while ECD may elect to update these forward-looking statements at some point in the future, ECD specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing ECD’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
The following exhibits are filed as part of, or incorporated by reference into, this Report.
| No. | Description of Exhibit | |
| 99.1** | Press Release dated December 3, 2024 | |
| 104* | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
| * | Filed herewith. |
| ** | Furnished herewith. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: December 6, 2024 | ||
| ECD AUTOMOTIVE DESIGN, INC. | ||
| By: | /s/ Benjamin Piggott | |
| Name: | Benjamin Piggott | |
| Title: | Chief Financial Officer | |
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Exhibit 99.1
ECD Automotive Design Enters Into a Strategic Relationship with One Drivers Club for First Retail Launch, Bringing a Unique Design Center Experience to West Palm Beach
Kissimmee, FL – December 3, 2024 - ECD Automotive Design, Inc. (Nasdaq: ECDA), (“ECD” or the “Company”), an industry leader in building and selling restored, modified and electrified Land Rover Defenders, Jaguar E-Types, Ford Mustangs, and Toyota FJs is set to debut its first retail presence through a strategic relationship with One Drivers Club in West Palm Beach. This strategic collaboration positions ECD as a new, prestigious retailer at One Drivers Club’s luxury automotive destination, marking a significant expansion for ECD into retail and physical experiences for both companies.
The 4,800-square-foot space near “Billionaire’s Row” will serve as both a shared clubhouse, sales showroom and an immersive design center. This showroom will allow ECD clients to personalize custom builds across ECD’s lineup—from Land Rover Defenders and Jaguar E-Types to Mustangs and Toyota FJs. The strategic relationship leverages One Drivers Club's high-traffic location and robust national membership, providing ECD an introduction to a discerning community of car collectors and enthusiasts.
Tom Humble, Founder and Chief Experience Officer at ECD, comments, “This collaboration with One Drivers Club is a milestone for ECD. By establishing our first physical location, we’re elevating our sales experience, offering clients the chance to engage hands-on with our bespoke design process. This move aligns with our commitment to an end-to-end, concierge-level service that takes luxury car restoration to the next level.”
“Welcoming ECD as a front-of-house retailer at One Drivers Club is an exciting step in elevating our Members’ experience. ECD’s prestigious reputation and unparalleled design expertise perfectly complements our commitment to a seamless, end-to-end driving experience,” adds John Belniak, CEO, One Drivers Club. “Our Members now have access to additional resources for collection management and an exceptional design showroom to explore their next custom build.”
In addition to showcasing ECD’s custom design services, the shared showroom will host a curated display of One Drivers Club’s vehicle collection, blending ECD’s design-forward approach with One Drivers Club’s dedication to superior collection management. The collaboration opens up the potential for joint events and programs that deepen engagement and expand services for One Drivers Club’s Members and new ECD clients, locally and nationwide.
About ECD Automotive Design
ECD, a public company trading under the symbol ECDA on the Nasdaq Stock Market, 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, the Jaguar E-Type and we have recently added the Ford Mustang and Toyota FJs. 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 “gear 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 90 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.
About One Driver’s Club
One Drivers Club is the premier destination for automotive enthusiasts who view their vehicles
as not just machines, but drivers of their lifestyles. With facilities located in Bedford, NY,
Chicago, IL, Palm Beach, FL, and Seattle WA, One Drivers Club redefines luxury car care
through unparalleled concierge storage and full-service collection management. Beyond
exceptional car care, One Drivers Club is a community—a place where like-minded drivers
connect over shared passions and Members celebrate the art and prestige of driving, collecting,
and owning remarkable vehicles..
For more information on ECD Automotive Design, Inc., visit www.ecdautodesign.com.
Investor Contact:
Brian M. Prenoveau, CFA
MZ Group – MZ North America
[email protected]
For more information on One Drivers Club visit www.onedriversclub.com.
Contact:
John Belniak
One Drivers Club
+1.914.356.7689