ECD Automotive Design, Inc. (NasdaqGM:ECDA) signed an agreement to acquire Certain assets of Brand New Muscle Car for $1.5 million on April 4, 2024. Consideration is for restricted stock of ECD to be valued at $1.5 million on the date of issuance.

ECD Automotive Design, Inc. (NasdaqGM:ECDA) completed the acquisition of Certain assets of Brand New Muscle Car for on April 24, 2024. On April 24, 2024, the Company entered into an Amended and Restated Asset Purchase Agreement (the A&R Asset Purchase Agreement?) with Sellers, pursuant to which the Company agreed to purchase certain assets relating to vehicle builds, including the trademark ?Brand New Muscle Car? (the ?Purchased Assets?) from Sellers in exchange for up to $1.25 million. The price for the Purchased Assets under the A&R Asset Purchase Agreement shall be equal to $950,000 plus up to an additional $300,000, in increments of $100,000, for each new vehicle build the Sellers can refer to the Company that are actually accepted by the Company on or before June 24, 2024.