Summary by Moomoo AI
ECD Automotive Design, Inc., known for restoring and electrifying classic vehicles such as Land Rover Defenders and Jaguars, has received a delisting notice from The Nasdaq Stock Market LLC. The notice, dated August 13, 2024, follows a previous warning that the company failed to meet the Nasdaq's $50 million market value of listed securities requirement. Despite being given 180 days to regain compliance, ECD did not meet the necessary threshold. The company's securities are set to be delisted unless an appeal is filed with the Nasdaq Hearings Panel by August 20, 2024. ECD intends to request an appeal, which would stay the suspension or delisting action pending the hearing's outcome. The company, founded in 2013 and headquartered in Kissimmee, Florida, has issued a press release on August 16, 2024, regarding the receipt of the delisting notice.
