Elite Express prices $15.2 million IPO at $4 per share

Elite Express Holding Inc. (NASDAQ: ETS) announced the pricing of its initial public offering of 3.8 million shares of Class A common stock at $4.00 per share, generating gross proceeds of approximately $15.2 million before underwriting discounts and expenses.

The California-based last-mile delivery service provider granted underwriters a 45-day option to purchase up to an additional 570,000 shares at the offering price. Trading on the Nasdaq Capital Market under ticker symbol "ETS" is expected to begin August 21, 2025, with the offering expected to close August 22, 2025.

Dominari Securities LLC serves as the representative of the underwriters, with Revere Securities acting as co-underwriter. Pacific Century Securities, LLC is advising Elite Express on the offering.

The Securities and Exchange Commission declared the company's registration statement on Form S-1 effective August 20, 2025. The offering is being conducted through a prospectus that forms part of the effective registration statement.

Elite Express operates through its wholly owned subsidiary, JAR Transportation Inc., providing last-mile delivery services that transport packages from distribution centers to end customers. The company uses logistics software for route planning, driver oversight, and regulatory compliance operations.

The company is based in Laguna Hills, California, and operates as a Delaware holding company. Elite Express focuses its delivery services within defined service areas using technology-driven solutions for operational efficiency.

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