Brief: EF Hutton Acquisition Corporation I Signs Definitive Securities Purchase Agreement With Humble Imports

ECD Automotive Design

10/10/2023 22:20

Oct 10 (Reuters) - EF Hutton Acquisition Corp  EFHT.O :
    * 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
    * EF HUTTON ACQUISITION-  ON OCT 6, ENTERED INTO DEFINITIVE
SECURITIES PURCHASE AGREEMENT WITH INSTITUTIONAL INVESTOR
    * EF HUTTON ACQUISITION CORP- BASED ON TERMS OF NOTE,
COMPANY WILL
RECEIVE PROCEEDS UNDER NOTE OF APPROXIMATELY $13.7 MILLION,
BEFORE PAYMENT OF EXPENSES
    * EF HUTTON ACQUISITION-  DEFINITIVE SECURITIES PURCHASE
AGREEMENT
FOR ISSUANCE OF A SENIOR SECURED CONVERTIBLE NOTE IN PRINCIPAL
AMOUNT OF $15.8 MILLION

Source text for Eikon:  ID:nGNX7lXFDH 
Further company coverage:  EFHT.O 

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