EF Hutton Acquisition Corporation I Common Stock
EFHT
NASDAQ Global Market2.93
USD
-4.38
- -
CIK
0001922858
ISIN
US28201D1090
CUSIP
28201D109
Return %
Stock
S&P500
1Y
-71.10
18.21
3Y
-71.27
64.38
5Y
-71.27
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Benjamin Piggott
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- DE United States of America
- IPO Date
- Dec 8, 2022
- CIK
- 0001922858
- Similar Companies
- Business
- EF Hutton Acquisition Corporation I (NASDAQ:EFHT) operates as a special purpose acquisition company focused on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations, primarily targeting opportunities in the consumer and retail industries; following its December 2023 business combination with Humble Imports Inc. d/b/a ECD Auto Design, the entity trades under the EFHT ticker while the combined company, renamed ECD Automotive Design Inc., lists primary shares as ECDA on Nasdaq, specializing in the restoration, modification, and electrification of luxury classic vehicles including Land Rover Defenders, Land Rover Series IIA and III, Range Rover Classics, and Jaguar E-Types, with each bespoke vehicle hand-built over 2,200 hours by ASE-certified craftsmen offering modern performance upgrades, repair services, extended warranties, and custom restomod solutions for high-net-worth collectors. Founded in 2021 and headquartered in Hingham, Massachusetts, with operational facilities including a 100,000-square-foot "Rover Dome" in Kissimmee, Florida, and a UK logistics center for sourcing donor vehicles, the company delivers fully customized one-off automobiles that blend nostalgic English design with contemporary technology and reliability enhancements. The 2023 transaction, valuing the pro forma enterprise at $330 million, included a $15 million PIPE financing via senior secured convertible notes, $2 million cash to ECD sellers, issuance of 25.1 million common shares and preferred stock, and warrants, supported by EF Hutton as capital markets advisor; it enabled Nasdaq listing for ECDA on December 13, 2023, accelerated ECD's organic growth with 26% CAGR in units produced and 19% in average selling prices since inception, and positioned the platform for further product innovations, industry consolidation, and expansion in the fragmented restomod market serving global clientele.
EF Hutton Acquisition Corporation I Signs Definitive Securities Purchase Agreement in Connection With Planned Business Combination With Humble Imports, Inc d/b/a ECD Auto Design