Elite express holding inc. announces pricing of $15.2 million initial public offering

Laguna hills, calif., aug. 20, 2025 (globe newswire) -- elite express holding inc. (ets), a last-mile delivery service provider based in california, today announced the pricing of its initial public offering of 3,800,000 shares of class a common stock at a public offering price of $4.00 per share, for gross proceeds of approximately $15.2 million, before deducting underwriting discounts and offering expenses. in addition, ets has 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. all shares of class a common stock are being offered by ets.
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