{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-026391","form_type":"8-K","ticker":"ETS","cik":"0002053641","company_name":"Elite Express Holding Inc.","filed_at":"2026-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.126862+00:00","generated_at":"2026-05-15T15:14:47.868976+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Elite Express raises $8M via private placement of 32M shares at $0.25 each","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-026391","json":"https://secwatch.observer/filing/0001104659-26-026391.json","markdown":"https://secwatch.observer/filing/0001104659-26-026391.md","text":"https://secwatch.observer/filing/0001104659-26-026391.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2053641/000110465926026391/0001104659-26-026391-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2053641/000110465926026391/tm268578d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T15:14:47.868976+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4806cbf27d638ad5236e58de95480db9be836573","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2053641/000110465926026391/0001104659-26-026391-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"eight non-U.S. investors"},{"label":"Value","value":"aggregate gross proceeds of $8,000,000"},{"label":"Effective","value":"2026-03-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}