Elite Express (ETS) gets Nasdaq $1 bid notice; 180-day clock

Elite Express Holding Inc. (ETS) announced it received a Nasdaq notice that its Class A common stock failed the $1.00 minimum bid price for 30 consecutive business days.

Rhea-AI Filing Summary

Elite Express Holding Inc. (ETS) announced it received a Nasdaq notice that its Class A common stock failed the $1.00 minimum bid price for 30 consecutive business days. The stock remains listed on the Nasdaq Capital Market under “ETS.”

Under Nasdaq rules, the company has 180 calendar days, until April 29, 2026, to regain compliance by having a closing bid of at least $1.00 for 10 consecutive business days. If not regained, an additional 180-day period may be available if initial listing criteria (other than bid price) are met and the company notifies Nasdaq of an intent to cure, which may include a reverse stock split. The company said it will monitor its share price and may consider available options.

Insights

Equity markets and listing compliance analyst

Nasdaq bid-price deficiency starts 180-day cure window; reverse split possible.

Elite Express (ETS) disclosed a Nasdaq deficiency for failing the $1.00 minimum bid over 30 consecutive business days. The listing remains active while the company works within the initial April 29, 2026 cure period. Compliance is achieved if the closing bid meets or exceeds $1.00 for 10 consecutive business days.

If unmet, Nasdaq may grant another 180 days if the company satisfies initial listing standards (excluding bid price) and signals an intent to cure, including a reverse stock split. Actual impact depends on market performance and any corporate actions undertaken.

The company states it may consider a reverse split. Subsequent disclosures may clarify whether it pursues that path or regains compliance organically.

8-K Event Classification

Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

1 item

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities

The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Elite Express (ETS) disclose?

The company received a Nasdaq notice that its Class A common stock failed to meet the $1.00 minimum bid price for 30 consecutive business days.

Is ETS being delisted now?

No. The notice has no immediate effect. The stock continues trading on the Nasdaq Capital Market under the symbol ETS.

How long does ETS have to regain compliance?

The company has 180 calendar days, until April 29, 2026, to regain compliance.

What is required to regain compliance with Nasdaq?

The closing bid must be at least $1.00 per share for 10 consecutive business days within the compliance period.

Can ETS get more time beyond April 29, 2026?

Yes. An additional 180-day period may be available if it meets initial listing standards (except bid price) and notifies Nasdaq of its intent to cure.

Will ETS do a reverse stock split?

The company said it may consider a reverse stock split among available options to regain compliance.

What is ETS’s trading symbol and market?

ETS trades on the Nasdaq Capital Market under the symbol ETS.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/03/2025 - 04:06 PM Learn about SEC filing dates

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United States 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the 

Securities Exchange Act of 1934

October 31, 2025 

Date of Report (Date of earliest event reported)

Elite Express Holding Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware		001-42811		99-2516128
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

23046 Avenida De La Carlota, Suite 600 Laguna Hills, CA		92653
(Address of Principal Executive Offices)		(Zip Code)

(949) 758-0650

Registrant’s telephone number, including area code

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act

¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act

¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock		ETS		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On October 31, 2025, Elite Express Holding Inc. (the “Company”) received a notification letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”). The Notice informed the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s Class A common stock, par value $0.000001 per share (the “Common Stock”), was below $1.00 per share, which is the minimum closing bid price required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). The Notice has no immediate effect on the listing of the Common Stock, which will continue to be traded on The Nasdaq Capital Market under the symbol “ETS,” subject to the Company’s compliance with the other Nasdaq listing requirements.

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company is provided a compliance period of 180 calendar days from the date of the Notice, or until April 29, 2026, to regain compliance with the minimum closing bid price requirement (the “Compliance Period”). If at any time during the Compliance Period, the closing bid price of the Common Stock is at least $1.00 per share for a minimum of 10 consecutive business days (unless the Nasdaq staff exercises its discretion to extend this 10 business day period pursuant to Nasdaq Listing Rule 5810(c)(3)(H)), Nasdaq will provide the Company written confirmation of compliance, and this matter will be closed.

If the Company does not regain compliance during the Compliance Period, the Company may be eligible for an additional 180-calendar day period to regain compliance, provided that it meets the applicable market value of publicly held shares requirement for continued listing and all other applicable standards for initial listing on The Nasdaq Capital Market (except the minimum bid price requirement), and notifies Nasdaq in writing of its intent to cure the deficiency by effecting a reverse stock split, if necessary. If the Company does not regain compliance within the allotted compliance periods, including any extensions that may be granted by Nasdaq, the Common Stock will be subject to delisting.

The Company intends to monitor the closing bid price of the Common Stock and may, if appropriate, consider implementing available options, including implementing a reverse stock split of its outstanding Common Stock, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 3, 2025

	Elite Express Holding Inc.
	By:	/s/ Yidan Chen
		Yidan Chen
		Chief Executive Officer, President, and Director (Principal Executive Officer)