Elite Express Holding Inc.

424B4 priced

Price $4.00 · 3,800,000 shares · Gross proceeds $15,200,000

CERT inactive

EFFECT effective

8-A12B effective

S-1/A amended

S-1/A amended

Price $4.00 · 4,000,000 shares · Gross proceeds $16,000,000

S-1/A amended

FWP supplemental

Price $4.00 · 4,000,000 shares · Gross proceeds $16,000,000

S-1/A amended

Price $4.00 · 4,000,000 shares

Elite Express Holding Inc. reported a net loss of $300,703 for the year ended November 30, 2024, following the acquisition of JAR Transportation Inc. Revenue totaled $2.44 million, with the Successor period (post-acquisition) contributing $251,049 (10.3%) and the Predecessor period generating $2.19 million. The company experienced higher operating costs due to post-acquisition integration, including professional fees, payroll, and maintenance. Revenue shifted toward activity-based models (70.2% of total revenue) under the FedEx ISP framework, driven by e-commerce deliveries and peak season surcharges.

S-1 filed

Price $4.00 · 4,000,000 shares · Gross proceeds $16,000,000

Elite Express Holding Inc. reports a net loss of $300,703 for the Successor period (October 26, 2024 - November 30, 2024), compared to $77,735 in the Predecessor period (December 1, 2023 - October 25, 2024). Total revenue increased 0.7% to $2.44 million for the year ended November 30, 2024, with a shift toward activity-based revenue (70.2% of total revenue). Cost of revenue rose 7.7% to $2.43 million, driven by post-acquisition integration expenses including labor, maintenance, and fuel costs. The company attributes the increased losses to higher operational costs from integrating JAR Transportation, including professional fees and compliance efforts.

DRS/A amended

Elite Express Holding Inc. reported a net loss of $378,438 for the year ended November 30, 2024, following the acquisition of JAR Transportation Inc. The filing details a shift in revenue composition toward activity-based earnings under the FedEx ISP framework, with e-commerce deliveries and weekly service charges as key contributors. Operational challenges during the post-acquisition transition period, including higher costs from integration efforts, impacted profitability. The company also highlighted liquidity improvements through recent stock sales and credit facilities from major stockholders.

DRS filed

Elite Express Holding Inc. reported a net loss of $300,703 for the successor period (October 26, 2024 - November 30, 2024) driven by acquisition and transition-related expenses, including higher accounting fees and integration costs. Revenue for the fiscal year ended November 30, 2024, increased 0.7% to $2.44 million compared to the prior year, but gross profit declined 34.8% due to elevated post-acquisition costs. The company secured $4.0 million in revolving credit facilities from major stockholders in February 2025 and plans to acquire two additional FedEx Ground ISP business entities to boost revenue. Liquidity remains stable despite a working capital deficit, supported by FedEx's ISP agreement and short-term financing. Management expects profitability to improve in Q2 2025 through cost optimization and growth initiatives.