Welcome to our dedicated page for ELITE EXPRESS HOLDING SEC filings (Ticker: ETS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for Elite Express Holding Inc. (ETS), a California-based trucking and last-mile delivery company listed on The Nasdaq Capital Market. Through these regulatory documents, investors can review how the company reports its last-mile delivery operations, revenue mix, costs, and governance matters.
Elite Express’s SEC filings include annual reports on Form 10-K and quarterly reports on Form 10-Q, which present financial statements and management discussion of results. In its quarterly reporting for the period ended August 31, 2025, the company details revenue from activity-based and fixed sources, cost of revenue categories such as labor, fuel, depreciation, and maintenance, and general and administrative expenses tied to legal, accounting, and corporate governance activities.
The company also files current reports on Form 8-K to disclose material events. Recent 8-K filings cover topics such as the release of quarterly financial results, the pricing and closing of its initial public offering, changes in independent directors and committee chairs, the resignation of its chief financial officer and related separation agreement, and a Nasdaq notice regarding non-compliance with the minimum bid price requirement.
Registration statements on Form S-1 and related prospectus filings document Elite Express’s IPO, including the number of shares offered and the listing of its Class A common stock under the symbol ETS. Investors can also review exhibits such as director offer letters, indemnification agreements, and the CFO resignation agreement, which provide additional detail on governance and compensation arrangements.
On Stock Titan, Elite Express filings are updated as they are made available on EDGAR, and AI-powered summaries help explain the key points in lengthy documents like 10-Ks, 10-Qs, and 8-Ks, making it easier to understand how the company discloses its last-mile delivery business, financial condition, and listing status.
Elite Express Holding Inc. filed an Amendment No. 1 to its annual report on Form 10-K for the year ended November 30, 2025. The amendment is made solely to add Exhibit 97.1, the Elite Express Holding Inc. Incentive Compensation Recovery Policy adopted on May 2, 2025, which was inadvertently omitted from the original filing.
The amendment does not change any other disclosures in the original Form 10-K and does not update information for events after the original filing date. It also includes updated officer certifications under Section 302 of the Sarbanes-Oxley Act tailored to this amendment.
Elite Express Holding Inc. entered into a Stock Purchase Agreement with eight non-U.S. investors for a private placement of 32,000,000 Class A Common shares. The shares are priced at $0.25 each, for aggregate gross proceeds of $8,000,000. Closing is expected within ninety days of March 10, 2026, or on another date agreed in writing. The transaction relies on Regulation S, with all Purchasers representing that they are non-U.S. persons and the offering conducted in offshore transactions. The unregistered shares will be treated as “restricted securities” under Rule 144.
Elite Express approved a Regulation S PIPE of up to $8,000,000 to be issued as Class A common stock, with the final number of shares and per-share price to be set by the Board or a committee under the Stock Purchase Agreement.
As of February 24, 2026 there were 16,716,672 shares of Common Stock outstanding (12,550,005 Class A; 4,166,667 Class B). The Consenting Stockholders holding 83.28% of voting power approved both the PIPE and a Charter Amendment giving the Board discretion, until February 23, 2027, to implement a reverse stock split at any ratio from 1-for-2 to 1-for-2,000. The Board retains sole discretion to implement or abandon the reverse split; if implemented it would become effective upon filing the Charter Amendment no earlier than 20 days after this mailing.
Elite Express Holding Inc. reported full-year 2025 revenue of about $2.7 million, up 9.1% from 2024, driven mainly by higher activity-based delivery revenue under its FedEx ISP structure. Activity-based revenue reached $2.0 million, or 75.7% of total, while fixed revenue declined to $0.6 million as baseline weekly compensation fell.
Cost of revenue rose modestly, leaving a small gross profit of $18,211 versus $15,897 a year earlier. The company’s net loss widened sharply to about $2.2 million from $0.4 million, largely because general and administrative expenses increased by $1.2 million to $1.6 million on public-company legal, accounting, and governance costs, and new research and development spending reached $0.9 million as ETS invested in a B2B delivery aggregation platform.
On the balance sheet, total assets climbed to $13.7 million from $1.8 million, with cash of $1.3 million and loans receivable of about $10.0 million. These loans to third-party partners, funded from IPO proceeds, generated $191,475 of interest income. Stockholders’ equity increased to $13.2 million, reflecting substantial financing inflows alongside the higher net loss.
Elite Express Holding Inc. is a Delaware holding company that provides last‑mile delivery services in California through its subsidiary JAR Transportation Inc. The business operates a fleet of about 23 vehicles and employs roughly 26 full‑time staff, including about 20 drivers, handling 1,100–1,700 daily stops and up to 2,000 in peak seasons.
For the year ended November 30, 2025, Elite Express reported total revenue of $2,665,948 and a net loss of $2,185,987. Earlier periods also showed net losses, reflecting a still unprofitable operation. All reported revenue came from a single customer, FedEx, under an Independent Service Provider agreement that combines fixed weekly service charges with activity‑based fees.
The company highlights growth plans including expanding delivery routes, developing its Route X app to match drivers and merchants, adopting electric vehicles, and investing in AI‑driven logistics technology. Key risks include heavy dependence on FedEx with short‑term, terminable contracts, exposure to fuel costs, regulatory compliance obligations, and execution risks around technology and expansion.
Elite Express also discloses that Nasdaq notified it that its Class A common stock closing bid price had fallen below $1.00, starting a 180‑day window to regain compliance. Failure to cure could ultimately lead to delisting, which would hurt liquidity and access to capital.
Elite Express Holding Inc. notified record holders that holders controlling an approved Regulation S PIPE of up to $8,000,000 were authorized on February 24, 2026.
The company reported 16,716,672 shares outstanding as of February 24, 2026 and said the PIPE is intended for non-U.S. persons in offshore transactions, with aggregate gross proceeds expected to be approximately $5,000,000 to $8,000,000, subject to final pricing. The Board also received stockholder approval to file a charter amendment permitting a reverse stock split at a ratio ranging from 1-for-2 to 1-for-2,000, with the Board having sole discretion to implement any split (if at all) until February 23, 2027.
Elite Express Holding Inc. director reports no share ownership
A Form 3 was filed for a director of Elite Express Holding Inc. (ETS) covering an event dated 11/24/2025. This initial beneficial ownership report states that the reporting person serves as a director and that the form is filed by one reporting person only.
In the detailed ownership sections, the filer reports that no non-derivative or derivative securities are beneficially owned. This means the director, at the time of the reported event, did not hold Elite Express Holding Inc. shares or related derivative securities in a reportable capacity.
Elite Express Holding Inc. announced that Chief Financial Officer Robert Cook has resigned effective December 15, 2025, for personal reasons not related to any disagreement with the company’s operations, policies, or practices.
Chief Executive Officer, President, and Director Yidan Chen will serve as interim CFO and assume the principal financial officer and principal accounting officer roles while the board conducts a search for internal and external candidates to fill the vacancy. Under a resignation agreement dated December 15, 2025, Mr. Cook will receive base compensation of $3,461.54 and a one-time separation payment of $5,000 in exchange for release, confidentiality, non-disparagement, and related obligations.
Elite Express Holding Inc. (ETS) reported a board change effective November 24, 2025. Independent director Adam Eilenberg resigned from the Board and from his roles as Chairman of the Nominating and Corporate Governance Committee and member of both the Audit and Compensation Committees, citing personal reasons and no disagreement with the company’s operations, policies, or practices.
The Board, following a recommendation from the Nominating and Corporate Governance Committee, appointed Jianing Lu as an independent director, Chairman of the Nominating and Corporate Governance Committee, and member of the Audit and Compensation Committees, also effective November 24, 2025. Mr. Lu is a senior legal specialist with advanced law degrees and corporate legal, governance, and compliance experience. The company states there are no family relationships or related-party transactions involving Mr. Lu, and it has entered into a director offer letter and an indemnification agreement with him.
Elite Express Holding Inc. (ETS) filed an initial ownership report on Form 3 for director Huaqin He.
The filing states that, as of the event date of 10/28/2025, no non-derivative or derivative securities of Elite Express Holding Inc. are beneficially owned. The report is filed by one reporting person in the capacity of director, confirming that this insider currently holds no reported equity or derivative position in the company.