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 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.
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.
Elite Express Holding Inc. announced board changes. On October 24, 2025, Francis A. Braun III resigned as an independent director, Chairman of the Compensation Committee, and member of the Audit and Nominating & Corporate Governance Committees due to personal reasons; the Board noted no disagreement with the Company’s operations, policies, or practices.
On October 28, 2025, the Board appointed Huaqin He as an independent director, Chairman of the Compensation Committee, and a member of the Audit and Nominating & Corporate Governance Committees, effective the same day. Mr. He is a professor at Fujian Agriculture and Forestry University with a Ph.D. in Agronomy and experience in data analytics and systematic research relevant to digital logistics and operational optimization. The Company executed a director offer letter and an indemnification agreement with Mr. He, filed as Exhibits 10.1 and 10.2.