Form 8-K
8-K — Elite Express Holding Inc.
Accession: 0001104659-26-052916
Filed: 2026-04-30
Period: 2026-04-30
CIK: 0002053641
SIC: 4210 (TRUCKING & COURIER SERVICES (NO AIR))
Item: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
April 30, 2026
Date of Report (Date of earliest event reported)
Elite Express Holding Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware
001-42811
99-2516128
(State or other jurisdiction
of incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)
23046 Avenida De La Carlota, Suite 600
Laguna Hills, CA
92653
(Address of Principal Executive Offices)
(Zip Code)
(949) 758-0650
Registrant’s telephone number, including
area code
N/A
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which
registered
Class A Common Stock
ETS
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the
Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company x
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
As previously disclosed, on October 31, 2025, Elite
Express Holding Inc. (the “Company”) received a deficiency letter from the Listing Qualifications Department of The Nasdaq
Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the Company’s listed security
for the previous 30 consecutive business days, the Company was not in compliance with the minimum bid price requirement set forth in Nasdaq
Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. The deficiency letter provided
the Company with 180 calendar days, or until April 29, 2026, to regain compliance.
On April 30, 2026, the Company received a notification
from Nasdaq (the “Notification”) advising that, although the Company had not regained compliance with the minimum bid price
requirement, Nasdaq determined that the Company is eligible for an additional 180 calendar days, or until October 26, 2026 (the “Second
Compliance Period”), to regain compliance. The Notification indicated that Nasdaq’s determination was based on the Company
meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing
on The Nasdaq Capital Market, other than the bid price requirement, and the Company’s written notice of its intention to cure the
deficiency during the Second Compliance Period, if necessary, by effecting a reverse stock split.
If at any time during the Second Compliance Period
the closing bid price of the Company’s listed securities is at least $1.00 per share for a minimum of 10 consecutive business days,
subject to Nasdaq’s discretion under the Nasdaq Listing Rules, Nasdaq will provide written confirmation of compliance and the matter
will be closed. The Notification has no immediate effect on the listing or trading of the Company’s securities on The Nasdaq Capital
Market.
The Company intends to continue monitoring the bid price of its listed
securities and will consider available options to regain compliance with Nasdaq Listing Rule 5550(a)(2), including, if necessary, effecting
a reverse stock split at a ratio within the range previously approved by the Company’s stockholders. If the Company does not regain
compliance by October 26, 2026, Nasdaq will provide written notification that the Company’s securities will be subject to delisting.
Although the Company intends to use all reasonable efforts to regain compliance with Nasdaq Listing Rule 5550(a)(2), there can be no assurance
that the Company will regain compliance during the Second Compliance Period or otherwise maintain compliance with Nasdaq’s continued
listing requirements.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 30, 2026
Elite Express Holding Inc.
By:
/s/ Yidan Chen
Yidan Chen
Chief Executive Officer, President and Director
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Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
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