Elite Express gets Nasdaq extension to regain $1 minimum bid compliance

PUBT·04/30/2026 20:44:25

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Elite Express received Nasdaq notice granting extra 180-day compliance period to regain minimum $1 bid price under Listing Rule 5550(a)(2).
New deadline to regain compliance set for Oct. 26, 2026.
Company remained below $1 bid-price threshold at end of initial cure period that ran through April 29, 2026.
Nasdaq will close deficiency if shares trade at or above $1 for at least 10 consecutive business days.
Elite Express flagged reverse stock split as potential remedy; failure to regain compliance by Oct. 26, 2026 would trigger delisting notice.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elite Express Holding Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-052916), on April 30, 2026, and is solely responsible for the information contained therein.

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