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BRIEF-EF Hutton Acquisition Corporation I Signs Definitive Securities Purchase Agreement With Humble Imports

Reuters
2023/10/11

Oct 10 (Reuters) - EF Hutton Acquisition Corp :

* 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

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