Elite Express Holding, which provides last-mile delivery services in California, raised $15 million by offering 3.8 million shares at $4, as expected. The company offered 0.2 million fewer shares than anticipated.
Through its wholly owned subsidiary JAR Transportation, the company specializes in last-mile delivery services within California. Its core business focuses on the delivery of packages retrieved from distribution hubs.
Elite Express Holding plans to list on the Nasdaq under the symbol ETS. Dominari Securities and Revere Securities acted as joint bookrunners on the deal.
