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.
Elite Express Holding Inc. filings document a newly public last-mile delivery company with Class A common stock registered on Nasdaq. The company’s 8-K reports furnish quarterly and fiscal-year results, press-release exhibits, operating-expense commentary tied to public-company compliance, and capital-structure disclosures.
The filing record also covers Nasdaq listing-compliance notices, material financing agreements, and governance changes involving directors, board committees, and finance leadership. As an emerging growth company, ETS filings frame its reporting status, securities registration, and public-company governance obligations.
Elite Express Holding Inc., a last‑mile delivery provider, reported second quarter 2026 revenue of $726,829, an increase of $96,579 or 15.3% from the prior‑year quarter. Activity‑based services contributed most revenue, while fixed revenue grew, helped by higher weekly service charge rates under its FedEx ISP agreement.
Cost of revenue rose more slowly, lifting gross profit to $81,037 and gross margin to 11.1%, up from 2.9% a year earlier. However, operating expenses jumped to $2,856,072, including $2,150,000 in research and development and sharply higher general and administrative costs related to public‑company requirements.
The company recorded a net loss of $2,532,942 for the quarter, versus a loss of $107,604 a year ago, and a six‑month net loss of $2,643,046. As of May 31, 2026, cash stood at $5,235,991, loans receivable were $9,649,811, and total stockholders’ equity was $18,548,821.
Elite Express Holding Inc., a FedEx‑exclusive last‑mile delivery provider in California, generated $726,829 of revenue for the quarter ended May 31, 2026, up 15.3% year over year, and $1,532,127 for the six‑month period, up 15.9%. Better cost control and higher volume shifted results from a prior‑year gross loss to a six‑month gross profit of $238,402.
Intensive investment in technology sharply increased losses. The company recorded a six‑month net loss of $2,643,046 (vs. $312,603 a year earlier), driven by $2.15M of R&D expense for a proprietary, AI‑enabled logistics platform and higher general and administrative costs. Operating activities used $4,344,650 of cash, but an $8.0M Class A share private placement and interest from $9.65M of loans receivable lifted cash to $5,235,991 and stockholders’ equity to $18,548,821 as of May 31, 2026. All revenue continues to come from FedEx under an ISP agreement renewed through January 1, 2027, so performance remains highly dependent on that single relationship.
Elite Express Holding Inc. is holding a virtual annual stockholder meeting on September 2, 2026 to vote on three key items: re-election of five directors, ratification of Audit Alliance LLP as independent registered public accounting firm for the fiscal year ending November 30, 2026, and approval of the 2026 Stock Incentive Plan.
As of July 10, 2026, the company had 44,550,005 shares of Class A common stock and 4,166,667 shares of Class B common stock outstanding. The proposed 2026 Stock Incentive Plan would authorize up to 6,000,000 Class A shares and 2,000,000 Class B shares for equity awards and includes an annual increase feature tied to 15% of shares outstanding, subject to the overall authorized share limit.
The board has determined that three directors are independent and has audit, compensation, and nominating/governance committees composed entirely of independent members. Related-party loans from the chairman were fully repaid, and stockholders are provided detailed voting mechanics, including treatment of broker non-votes and abstentions for each proposal.
Elite Express Holding Inc. filed a Form 3 insider report identifying Hua Ye as an officer, with the specific title referenced in the remarks section. The filing does not list any common stock or derivative transactions and shows no derivative positions in the derivative summary.
Elite Express Holding Inc. completed a private placement of 32,000,000 Class A common shares at $0.25 per share, raising $8,000,000 in gross proceeds. The shares were sold to eight non-U.S. investors under Regulation S in offshore transactions and are classified as restricted securities.
The company’s board also appointed Ye Hua as Chief Financial Officer, effective June 8, 2026. She will serve as principal financial and accounting officer under an employment agreement providing a $60,000 annual base salary, eligibility for a discretionary cash bonus, and a separate indemnification agreement.
Elite Express Holding Inc. received an additional 180-day period from Nasdaq, until October 26, 2026, to regain compliance with the exchange’s minimum bid price rule of $1.00 per share. The company previously fell out of compliance after its stock traded below this level for 30 consecutive business days.
The company remains listed on The Nasdaq Capital Market during this second compliance period. To regain compliance, its closing bid price must be at least $1.00 per share for a minimum of 10 consecutive business days. Elite Express has indicated it may use a reverse stock split, within a range already approved by stockholders, if needed.
If the company does not meet the minimum bid price requirement by October 26, 2026, Nasdaq may initiate delisting of its securities. The company states it intends to use reasonable efforts to regain and maintain compliance but cannot assure success.
Elite Express Holding Inc. reported first quarter 2026 revenue of $805,298, up 16.3% from $692,143 a year earlier, driven mainly by higher activity-based delivery revenue and a sharp increase in other pickup and delivery revenue from a one-time FedEx performance bonus.
The company moved from a gross loss of $32,407 to gross profit of $157,365 as cost of revenue fell 10.6%, helped by lower vehicle repairs and depreciation. Net loss improved to $110,104 from $204,999, aided by $198,737 of interest income on short-term loans receivable, though general and administrative expenses rose as public company costs increased. Cash decreased to $68,065 as of February 28, 2026, while loans receivable totaled $9,949,811.
Elite Express Holding Inc. reports higher revenue but a continued loss for the quarter ended February 28, 2026. Revenue rose to $805,298 from $692,143, driven mainly by more e-commerce and activity-based deliveries, turning last year’s gross loss into a gross profit of $157,365.
Net loss narrowed to $110,104 from $204,999, helped by $198,737 of interest income on short-term loans made with IPO proceeds. Cash fell to $68,065 as the company deployed funds into $9,949,811 of loans receivable and large professional-service prepayments.
Management highlights working capital of about $11.8 million, with upcoming May 2026 loan maturities key to near-term liquidity. After quarter-end, the company agreed to a private placement of 32,000,000 new Class A shares at $0.25 for expected gross proceeds of $8 million, which has not yet closed.
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.