Elite Express Holding Inc. Announces Closing 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 closing of its initial public offering of 3,800,000 shares of Class A common stock at an offering price of $4.00, resulting in gross proceeds of approximately $15.2 million before deductions [1] - The shares began trading on The Nasdaq Capital Market under the ticker symbol "ETS" on August 21, 2025 [2] - Underwriters for the offering include Dominari Securities LLC as the representative and Revere Securities as co-underwriter, with Pacific Century Securities, LLC acting as the advisor to ETS [2] Regulatory Filings - A registration statement on Form S-1 was filed with the U.S. Securities and Exchange Commission (SEC) and became effective on August 20, 2025 [3] - The offering is conducted solely by means of a prospectus that is part of the effective registration statement, with a final prospectus available on the SEC's website [3]