Elite Express raises $8M via private placement of 32M shares at $0.25 each

Elite Express Holding Inc.

Stock Purchase Agreement with 8 non-U.S. investors for 32,000,000 shares at $0.25/share, gross proceeds $8M.
Shares are unregistered, offered under Regulation S exemption; no U.S. person participation allowed.
Closing expected within 90 days of March 10, 2026, subject to Nasdaq approval if required.
Beneficial ownership capped at 9.99% for any purchaser; shares are restricted securities.
Proceeds to be used at management's discretion for general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Elite Express Holding Inc. entered into Stock Purchase Agreement with eight non-U.S. investors valued at aggregate gross proceeds of $8,000,000 (effective 2026-03-10).

Action: entry
Agreement: equity purchase
Counterparty: eight non-U.S. investors
Value: aggregate gross proceeds of $8,000,000
Effective: 2026-03-10

Exact text from the filing

On March 10, 2026, Elite Express Holding Inc., a Delaware corporation (the “Company” ), entered into a Stock Purchase Agreement (the “Purchase Agreement” ) with eight non-U.S. investors (the “Purchasers” ), pursuant to which the Company agreed to issue and sell in a private placement offering (the “Private Placement” ) an aggregate of 32,000,000 shares (the “Shares” ) of the Company's Class A Common Stock, $0.000001 par value per share, at a purchase price per share of $0.25, for aggregate gross proceeds of $8,000,000.

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Elite Express Holding Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-026391

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