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Elite Express Holding Inc. (ETS) completed its initial public offering of 3.8 million shares of Class A common stock at $4.00 per share, generating gross proceeds of approximately $15.2 million before underwriting discounts and offering expenses.
The California-based last-mile delivery services provider began trading on the NASDAQ Capital Market on August 21, 2025. The company granted underwriters a 45-day option to purchase up to an additional 570,000 shares at the IPO price.
Dominari Securities LLC served as the representative of the underwriters, with Revere Securities acting as co-underwriter. Pacific Century Securities, LLC advised Elite Express Holding on the offering.
The company operates through its wholly owned subsidiary, JAR Transportation Inc., providing package delivery services from distribution centers to end customers. The business uses logistics software for route planning, driver oversight, and regulatory compliance.
Elite Express Holding’s registration statement on Form S-1 became effective with the Securities and Exchange Commission on August 20, 2025. The Delaware holding company conducts operations within defined service areas and focuses on technology-driven solutions for operational efficiency.