Elite Express Holding Inc. Announces Pricing of $15.2 Million Initial Public Offering

Company Overview - Elite Express Holding Inc. (ETS) is a Delaware holding company that operates through its wholly owned subsidiary, JAR Transportation Inc., based in California [5] - ETS specializes in last-mile delivery services, focusing on transporting packages from distribution centers to end customers within defined service areas [5] - The company utilizes logistics software to enhance operational efficiency, route planning, driver oversight, and regulatory compliance [5] Initial Public Offering (IPO) Details - ETS announced the pricing of its initial public offering of 3,800,000 shares of Class A common stock at a public offering price of $4.00 per share, resulting in gross proceeds of approximately $15.2 million before deducting underwriting discounts and offering expenses [1] - The underwriters have a 45-day option to purchase up to an additional 570,000 shares of Class A common stock at the initial public offering price [1] - The shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "ETS" on August 21, 2025, with the offering expected to close on August 22, 2025, subject to customary closing conditions [2] Regulatory and Compliance Information - A registration statement on Form S-1 was filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective on August 20, 2025 [3] - The offering is being made only by means of a prospectus forming part of the effective registration statement, with copies of the final prospectus to be available on the SEC's website [3]