- **Elite Express Holding Inc. (ETS)** priced its initial public offering of **3,800,000 shares** of Class A common stock at **$4.00 per share** on **August 20, 2025**, generating gross proceeds of approximately **$15.2 million**.  **[2053641_0001104659-25-082012_tm2524233d1_ex99-1.htm:0]** **[2053641_0001104659-25-082012_tm2524233d1_ex10-1.htm:48]** 
- The offering **closed on August 22, 2025**, with net proceeds to the company of approximately **$13.7 million** after deducting underwriting discounts and offering expenses.  **[2053641_0001104659-25-082012_tm2524233d1_ex99-2.htm:0]** **[2053641_0001104659-25-082012_tm2524233d1_8k.htm:1]** 
- The shares began trading on The **Nasdaq Capital Market** under the ticker symbol **"ETS" on August 21, 2025**.  **[2053641_0001104659-25-082012_tm2524233d1_ex99-2.htm:0]** **[2053641_0001104659-25-082012_tm2524233d1_ex99-1.htm:0]** **[2053641_0001104659-25-082012_tm2524233d1_8k.htm:1]** 
- ETS granted the underwriters a 45-day option to purchase up to an additional **570,000 shares** of Class A common stock at the initial public offering price.  **[2053641_0001104659-25-082012_tm2524233d1_ex99-2.htm:0]** **[2053641_0001104659-25-082012_tm2524233d1_ex99-1.htm:0]** **[2053641_0001104659-25-082012_tm2524233d1_8k.htm:1]** **[2053641_0001104659-25-082012_tm2524233d1_ex10-1.htm:48]**

Elite Express Holding (ETS)