Elite Express Holding Inc. Receives Additional Time to Regain Nasdaq Listing Compliance

Elite Express Holding Inc. was notified by Nasdaq on April 30, 2026, that it has been granted an additional 180 days, until October 26, 2026, to regain compliance with the minimum bid price requirement of $1.00 per share. The company had initially received a deficiency letter on October 31, 2025, for failing to meet this requirement for 30 consecutive business days. Nasdaq's decision to grant the extension was based on the company meeting other continued listing requirements, including market value of publicly held shares, and its stated intention to cure the deficiency, potentially through a reverse stock split. The company is actively monitoring its stock price and will consider all options to regain compliance. Failure to do so by the new deadline could result in delisting.