EF Hutton Acquisition Corp. I (EFHT) Completes E.C.D. Auto Design Deal

EF Hutton Acquisition Corp. I (NASDAQ:EFHT) announced this afternoon that it has completed its business combination with E.C.D. Auto Design. Shareholders already approved the deal at a meeting held on December 7.

In connection with last week’s meeting, the company’s stockholders holding 3,470,945 shares, out of a total of 3,492,647 shares of common stock held by stockholders, submitted requests to redeem their shares.

After seeing an aggregate of 99.81% of the trust removed from redemptions (including previous extensions), there are approximately 21,702 shares of common stock held by public stockholders and about $233,000 remaining post-vote.

The newly combined company will be named “ECD Automotive Design Inc.”, and its common stock and warrants will trade on the Nasdaq under the symbols “ECDA” and “ECDAW,” respectively, on Wednesday, December 13.

EF Hutton I announced its $225 million deal with E.C.D. Auto Design in March. Kissimmee, Florida-based E.C.D. Auto Design is the industry leader in delivering restored and modified Land Rover Defenders.