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Proposed Symbol | ETS |
---|---|
Company Name | Elite Express Holding Inc. |
Exchange | |
Share Price | $ |
Employees | 34 (as of 05/05/2025) |
Status | |
Shares Offered | |
Offer amount | $18,400,000 |
Shares Over Alloted | |
Company Address | 23046 AVENIDA DE LA CARLOTA SUITE 600 LAGUNA HILLS CA 92653 |
Company Phone | 9497580650 |
Company Website | www.eliteexpressholding.com |
CEO | Yidan Chen |
State of Inc | |
Fiscal Year End | 11-30 |
Total Offering Expense | $819,077.04 |
Shareholder Shares Offered | |
Shares Outstanding | 12,750,005 |
Lockup Period (days) | 180 |
Lockup Expiration | |
Quiet Period Expiration | |
CIK | 0002053641 |
DealId | 1333961-113840 |
We are a holding company incorporated in Delaware. Through our wholly owned subsidiary, JAR Transportation Inc., a California-based operating entity, we specialize in last-mile delivery services within California. Our core business focuses on retrieving packages from distribution hubs and ensuring their prompt and secure delivery to recipients’ doorsteps. Committed to innovation and efficiency, our mission is to optimize last-mile logistics by providing efficient, reliable, and innovative delivery solutions. Our fleet consists of approximately 20 trucks and trailers. We provide exclusive pickup and delivery services within our designated service area, covering approximately 1,665.28 square miles. We utilize GroundCloud, a leading logistics software, during our course of business, for route optimization, driver management, and compliance monitoring. Additionally, we are actively expanding our investment in advanced technologies to enhance our scalability, automate our operations, and drive our data-driven decision-making. On an average day, we complete between 1,000 to 1,700 stops, facilitating the pickup and delivery of approximately 1,200 to 2,000 packages. During peak seasons, our daily stops rise to an estimated 2,000, allowing us to meet heightened demand with efficiency and reliability. For the year ended November 30, 2023 (Predecessor), we reported total revenue of $2,426,026 and incurred a net loss of $208,390. For the period from December 1, 2023 to October 25, 2024 (Predecessor), we reported a total revenue of $2,192,893 and a net loss of $77,735. For the period from October 26, 2024 to November 30, 2024 (Successor), we reported total revenue of $251,049 and a net loss of $300,703. For the three months ended February 28, 2025, we reported total revenue of $692,143 and incurred a net loss of $204,999. During this period, 100% of our revenue was derived from our subsidiary’s last-mile delivery services to our sole customer, FedEx. --- ETS was incorporated under the laws of the State of Delaware as a corporation on April 3, 2024. Our principal executive office is located at 23046 Avenida De la Carlota, Suite 600, Laguna Hills, CA, 92653. Our telephone number is (949) 758-0650 and our website address is https://eliteexpressholding.com/.