Elite Express Announces Offshore Private Placement of Shares

An update from Elite Express Holding Inc. Class A ( (ETS) ) is now available.

On March 10, 2026, Elite Express Holding Inc. entered into a stock purchase agreement with eight non-U.S. investors to sell 32,000,000 Class A common shares at $0.25 each in a private placement, for expected gross proceeds of $8 million. The transaction, anticipated to close within 90 days of signing, is being conducted as an offshore offering under Regulation S, resulting in the issuance of restricted securities that broaden the company’s non-U.S. shareholder base and provide fresh capital without U.S. registration.

The shares are being offered exclusively to persons who certified they are not U.S. persons and are not acquiring the stock for the benefit of any U.S. person, and the company did not undertake directed selling efforts in the United States. By relying on Regulation S and structuring substantially identical agreements with each of the eight purchasers, Elite Express reinforces its use of cross-border capital-raising structures while clarifying that contractual representations in the purchase agreements primarily allocate risk between the parties rather than provide factual disclosures to investors.

More about Elite Express Holding Inc. Class A

Elite Express Holding Inc. is a Delaware-incorporated company that issues Class A common stock and accesses capital markets through private placements. The company’s investor base includes non-U.S. participants, and it utilizes offshore offerings under Regulation S to raise funds without registering securities under the U.S. Securities Act.

Average Trading Volume: 63,889

Technical Sentiment Signal: Strong Sell

Current Market Cap: $5.64M

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