EF Hutton Acquisition Corporation I Warrant
EFHTW
NASDAQ0.04
USD
+0.00
- -
CIK
0001922858
ISIN
US28201D1173
CUSIP
28201D117
Return %
Stock
S&P500
1Y
-60.00
26.84
3Y
-0.50
77.03
5Y
-0.50
80.55
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
- 24 Shipyard Drive Hingham MA United States of America 02043
- IPO Date
- Sep 13, 2022
- CIK
- 0001922858
- Similar Companies
- Business
- EF Hutton Acquisition Corporation I Warrant (EFHTW) represents the redeemable warrants of EF Hutton Acquisition Corporation I, a blank check company whose primary business is effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations targeting the consumer and retail industry; each warrant entitles the holder to purchase one share of common stock at an exercise price of $11.50 per share, exercisable starting 30 days after completion of an initial business combination or 12 months after the company's IPO, whichever is earlier, and expiring five years thereafter. The company, founded in 2021 and headquartered in Hingham, Massachusetts, completed its self-underwritten initial public offering of 11.5 million units at $10.00 per unit in September 2022, with units comprising one share of common stock, one redeemable warrant (EFHTW) and one right (EFHTR) to receive one-eighth of a share upon business combination. In December 2023, EF Hutton Acquisition Corporation I completed a reverse merger business combination with Humble Imports, Inc. d/b/a ECD Auto Design, a provider of restored and customized luxury vehicles including Land Rover Defenders, Series IIA/IIIs and Range Rover Classics; post-combination, the entity operates as ECD Automotive Design, Inc. (NASDAQ: ECDA), with EFHT common stock and EFHTW warrants transitioning to new symbols ECDA and ECDAW on Nasdaq Capital Market effective December 13, 2023, while rights (EFHTR) were suspended from trading. The transaction, valued at a pro forma enterprise value of approximately $330 million and supported by a $15 million PIPE financing, marked a major strategic shift from a SPAC shell to an operating automotive restoration and electrification business with global operations including headquarters in Kissimmee, Florida, and a U.K. logistics center.