{"filings":[{"id":1581557,"accession_number":"0001493152-26-032853","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2026-07-10T20:30:32+00:00","items":["1.01","9.01"],"status":"ready","headline":"TLSS amends PGS acquisition agreement, extends closing date to August 4, 2026","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Second Amendment extends financials/schedule delivery to July 15, 2026; full access to July 24, 2026; outside closing to August 4, 2026.","Merger consideration unchanged: $4.75M in 47,500 shares of TLSS Series J Preferred Stock for 80% of PGS and four nanotechnology patents.","Remaining 20% of PGS held by Michael Wanke, who will enter employment agreement with PGS as condition to closing.","PGS provides window tint and glass strengthening solutions using C-Bond technology; operates nationwide dealer network of over 50 dealers."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":871676,"accession_number":"0001493152-26-027426","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2026-06-05T13:12:45+00:00","items":["1.01","9.01"],"status":"ready","headline":"TLSS amends PGS acquisition agreement, extends closing to July 1, 2026","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["First Amendment to Member Interest and Asset Exchange Agreement signed June 1, 2026.","Effective Time for merger extended to June 15, 2026; closing date moved to July 1, 2026.","Due diligence period and delivery of PGS financial statements now due June 15, 2026.","Merger consideration remains $4.75M in 47,500 shares of TLSS Series J Preferred Stock.","Acquisition of 80% interest in PGS and four nanotechnology patents unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":92971,"accession_number":"0001493152-26-019375","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2026-04-28T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Transportation & Logistics Systems raises $100K unsecured note for compliance and tax good standing","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Principal $100,000, interest 10% p.a., maturity 6 months from April 24, 2026.","Proceeds used for SEC/OTC filings, tax compliance, transfer agent costs, and routine litigation fees.","Note is non-convertible, prepayable with 3 days' notice, no penalty.","Default triggers 5% monthly penalty; lender may accelerate after 30 days.","Company also entered a letter agreement with C/M Capital Master Fund, LP (same lender as prior notes)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":92970,"accession_number":"0001493152-26-015436","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2026-04-07T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"TLSS acquires 80% of Patriot Glass Solutions for $4.75M in Series J preferred stock","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Deal consideration is $4.75M, payable as 47,500 shares of TLSS Series J Senior Convertible Preferred at $100/share stated value.","Acquisition includes 80% membership interest in PGS and four nanotechnology patents from Badcer Ops, Inc.","Closing expected by June 1, 2026, subject to audited financials for PGS for 2024 and 2025 and other conditions.","PGS provides window tint and glass strengthening services using C-Bond technology across auto, home, and commercial sectors.","PGS's sole Manager Michael Wanke retains 20% interest and will enter into an employment agreement post-closing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104236,"accession_number":"0001493152-26-002029","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2026-01-13T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Transportation and Logistics Systems issues $75K promissory note at 10% to fund S-1 prep","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Unsecured non-convertible note for $75,000, 10% simple interest, due in 6 months.","Proceeds used for Series J preferred registration statement, SEC/OTC filings, tax compliance, transfer agent, and litigation fees.","Default triggers 5% monthly penalty plus full acceleration at lender's discretion.","Issued to C/M Capital Master Fund, LP; note is not convertible into equity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120528,"accession_number":"0001493152-25-028129","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2025-12-17T23:59:59+00:00","items":["1.01","3.02","5.02","9.01"],"status":"ready","headline":"TLSS settles $1.4M CEO pay with preferred stock; retention bonuses up to $500k","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Giordano settles $1,400,711.62 in outstanding liabilities for 10,007 shares of Series J convertible preferred stock.","Retention agreement provides up to $500,000 cash bonuses: $250k for $1M financing, another $250k for $2.5M financing.","Parties to negotiate a new employment agreement for services after Jan 1, 2026 within 60 days.","Company states paying cash would jeopardize going concern; Series J conversion shares to be listed on Trading Market."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":120527,"accession_number":"0001493152-25-018453","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2025-10-17T23:59:59+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"TLSS settles $378K liabilities with Series J preferred shares; insolvent with ceased operations","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Settled $378,491.25 in liabilities by issuing 3,785 shares of Series J Senior Convertible Preferred Stock.","Condition that >=50% of Series E and Series G Preferred be exchanged for Series J has been satisfied.","Company confirms it is insolvent, has ceased all logistics/transportation operations, and cannot meet financial obligations.","May be unable to maintain listing on a Trading Market or comply with SEC reporting without additional funding."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137109,"accession_number":"0001493152-25-014291","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2025-09-19T23:59:59+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"TLSS settles $50k debt with Series J Preferred; discloses insolvency and cessation of operations","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Settled $50,273.97 in liabilities by issuing 503 shares of Series J Preferred Stock to a note holder.","Settlement conditioned on exchange of ≥50% of Series E and G Preferred for Series J; condition satisfied.","Company states it has ceased all logistics and transportation operations and is unable to meet financial obligations.","Company may fail to maintain listing or comply with SEC reporting without additional funding.","Preferred shares and underlying common issued unregistered under Section 3(a)(9) exemption."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137108,"accession_number":"0001493152-25-012902","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2025-09-09T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"TLSS amends Series J Preferred certificate; narrows Triggering Event definition","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amendment to Series J Senior Convertible Preferred Stock filed on Sept 5, 2025.","Triggering Event definition revised to exclude events occurring before amendment date.","Amendment approved by board and majority of Series J preferred stockholders.","Filed as Exhibit 4.1 with Nevada Secretary of State."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137107,"accession_number":"0001493152-25-012569","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2025-09-02T23:59:59+00:00","items":["1.01","2.03","3.02","5.02","9.01"],"status":"ready","headline":"TLSS borrows $50K, awards 4,775 Series J shares; CEO Giordano termination now Nov 30","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Entered $50,000 unsecured promissory note with C/M Capital Master Fund at 10% interest, due in 6 months, for compliance costs.","Granted 4,775 shares of Series J Senior Convertible Preferred Stock to CEO and other grantees for past and future services.","CEO Sebastian Giordano submitted termination notice Aug 26 for nonpayment; termination extended to Nov 30, 2025, compensation continues accruing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137106,"accession_number":"0001493152-25-011354","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2025-07-23T23:59:59+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"TLSS exchanges 25M-share warrants for 22 preferred shares; settles $506k in liabilities with equity","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Warrant holder exchanged warrants for up to 25M common shares for 22 shares of Series J Senior Convertible Preferred Stock.","Settled approximately $506,576 in outstanding liabilities by issuing 5,066 shares of Series J Preferred Stock to creditors.","Resolved law firm Akabas & Sproule litigation ($125k claim) via Series J Preferred issuance; case dismissed with prejudice.","SCS, LLC lawsuit settled for $36,000 via 360 Series J Preferred shares; court deemed fair and dismissed action.","Issuances exempt from registration under Sections 3(a)(9), 4(a)(2), and 3(a)(10) of the Securities Act."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137105,"accession_number":"0001641172-25-019510","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2025-07-14T23:59:59+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"TLSS exchanges 20K Series G preferred and $47K dividends for 2,468 Series J shares; settles $16K liabilities","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Exchanged 20,000 Series G preferred shares (4.92% of total) and $46,802 in accrued dividends for 2,468 Series J shares.","Settled $16,000 in liabilities by issuing 160 Series J shares; parties released from future claims.","Series J shares issued under Section 3(a)(9) (Exchange) and Section 4(a)(2) (Settlement) exemptions.","Original warrants associated with exchanged preferred shares were cancelled."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137104,"accession_number":"0001641172-25-018200","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2025-07-08T23:59:59+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"TLSS exchanges warrants, settles $422.74 of liabilities for Series J Preferred","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Exchange agreement: holder trades warrants for up to 10M common shares for 9 shares of Series J Preferred Stock.","Settlement agreement: creditor cancels $422.74 in liabilities and 17.86M share warrants in exchange for 4 Series J Preferred shares.","Both issuances are unregistered, relying on Sections 3(a)(9) and 4(a)(2) of the Securities Act.","Settlement conditioned on at least 50% of Series E and G Preferred having been exchanged for Series J, now satisfied."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137103,"accession_number":"0001641172-25-017392","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2025-07-01T23:59:59+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"TLSS exchanges 112,500 Series G shares plus $258,864 dividends for 13,857 Series J shares; cancels 20M warrants","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Exchanged 112,500 Series G shares (27.68% of Series G) and $258,864 accrued dividends for 13,857 Series J shares.","Holders cancelled warrants to purchase up to 20,000,000 common shares.","Transaction effective June 1, 2025; Series J created under Certificate of Designation filed May 5, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154389,"accession_number":"0001641172-25-016288","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2025-06-24T23:59:59+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"Transportation & Logistics exchanges most preferred stock and settles $583K liabilities for new Series J preferred","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Exchanged 21,418 Series E shares (100% outstanding) and 274,000 Series G shares (59%) for 37,840 Series J preferred shares.","Canceled warrants for 178,000,000 common shares as part of the exchange; accrued dividends of $761,213.42 also converted.","Settled $583,199.84 in liabilities and canceled warrants for 151,785,715 common shares in exchange for 5,864 Series J preferred shares.","Series J preferred issued under exemptions from registration (Sections 3(a)(9) and 4(a)(2) of Securities Act)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154388,"accession_number":"0001641172-25-013802","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2025-06-05T23:59:59+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"TLSS settles $2.5M debt with 25,465 Series J preferred shares; operations ceased","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Settlement agreements dated May 30, 2025 exchange $2,546,519.70 in liabilities for 25,465 shares of Series J Senior Convertible Preferred Stock.","Settlement conditioned on ≥50% of Series E and Series G preferred holders exchanging their shares for Series J.","Company states it has ceased all logistics/transportation operations and is currently unable to meet financial obligations.","Issuance exempt under Section 3(a)(9); company notes prior untimely SEC filings and potential delisting risk."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":154387,"accession_number":"0001641172-25-008979","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2025-05-07T23:59:59+00:00","items":["1.01","2.03","5.02","5.03","9.01"],"status":"ready","headline":"TLSS extends CEO departure to Aug 31, issues $50k note, creates Series J Preferred","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Sebastian Giordano's termination notice extended to Aug 31, 2025; company unable to cure nonpayment of compensation.","Issued $50,000 unsecured non-convertible note to C/M Capital Master Fund at 10% interest, six-month maturity.","Filed Certificate of Designation for 1M shares of Series J Preferred Stock, $100 stated value, convertible at $0.001 per share.","Preferred Stock carries 10% semi-annual dividend, 4.99% ownership cap, 110% redemption on triggering event, 120% liquidation preference.","Existing Nov 2024 promissory note maturity extended from May 22, 2025 to Aug 12, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172967,"accession_number":"0001641172-25-001177","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2025-03-28T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Transportation and Logistics Systems enters $75K unsecured note at 10% interest, 6-month maturity","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$75,000 promissory note issued to C/M Capital Master Fund, LP; 10% simple interest, due in 6 months.","Proceeds to fund 2024 audit, 2025 Q1 review, SEC filings, tax compliance, and litigation costs.","Note is unsecured, non-convertible; events of default include payment failure and bankruptcy.","Note is subordinate to $1.55M senior notes (Giordano, Mercadante, others) and in parity with $450K prior notes.","Simultaneous letter agreement restricts use of proceeds and requires lender approval for disbursement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172966,"accession_number":"0001493152-25-010039","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2025-03-12T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Transportation and Logistics Systems issues $100K promissory note at 10% to fund audit and SEC filings","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Principal $100,000, 10% simple interest, 6-month maturity, non-convertible; entered into on March 10, 2025.","Proceeds restricted to 2024 audit, 2025 Q1 review, SEC/OTC filings, tax compliance, and ordinary course litigation fees.","Note is junior to ~$1.55M in senior notes (Giordano, Mercadante, others) and pari passu with $350K in parity notes (Cavalry Fund, Mercer Street).","Default triggers 5% monthly penalty on outstanding after 30-day cure; Lender may accelerate upon uncured default."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172965,"accession_number":"0001493152-25-006461","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2025-02-13T23:59:59+00:00","items":["1.01","2.04","9.01"],"status":"ready","headline":"TLSS extends $150K notes maturity to Aug 2025; default on $64.5K note triggers 17% rate","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Extended maturity of $150K August 2024 Notes to Aug 12, 2025; interest remains 10%.","Default on $64,534 Mercadante Note due Feb 6, 2025; interest rate increased to 17% effective Feb 7.","Noteholders: Mercer Street Global Opportunity Fund ($75K) and Cavalry Fund I LP ($75K).","Default notice received from director John Mercadante for unpaid principal and interest."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172964,"accession_number":"0001493152-25-003384","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2025-01-23T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"TLSS issues $50K promissory note to fund financial statements and filings","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Principal $50,000 at 10% simple interest, due in six months (maturity July 2025).","Proceeds used for 2024 Q2/Q3 financial statement completion, SEC/OTC filings, tax good standing, and routine litigation fees.","Note is non-convertible and junior to approximately $1.55M in senior notes listed in Exhibit A.","Default triggers 5% monthly penalty after 30 days; lender may declare entire amount due.","This is the fourth similar note from the same lender since August 2024, indicating ongoing capital strain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189983,"accession_number":"0001493152-24-048188","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2024-11-29T23:59:59+00:00","items":["1.01","2.03","5.03","9.01"],"status":"ready","headline":"Transportation and Logistics Systems Enters $50K Note and Corrects Unauthorized Reverse Stock Split","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Entered into $50,000 unsecured non-convertible promissory note with Cavalry Fund I LP at 10% interest, due in six months.","Filed Certificate of Correction with Nevada Secretary of State to withdraw unauthorized December 2023 reverse stock split.","Note proceeds allocated to completing 2023 audit, SEC/OTC filings, tax compliance, and routine litigation fees.","The note is junior to existing notes totaling $1,547,837.96 and in parity with $250,000 in prior notes.","Similar notes were previously entered on August 12, 2024 and October 9, 2024 with the same lender."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189982,"accession_number":"0001493152-24-041138","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2024-10-15T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"TLSS enters $100K promissory notes with 10% interest to fund audit and SEC filing compliance","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Aggregate $100,000 unsecured non-convertible notes; 10% annual interest; 6-month maturity.","Proceeds used for 2023 audit, 2024 quarterly reviews, SEC/OTC filings, tax good standing, routine litigation.","Lenders: Mercer Street Global Opportunity Fund and Cavalry Fund I LP; notes are junior to certain existing notes.","Default penalty of 5% per month on outstanding amount after 30-day cure period."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":206489,"accession_number":"0001493152-24-032755","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2024-08-16T23:59:59+00:00","items":["1.01","8.0","9.01"],"status":"ready","headline":"TLSS borrows $150k at 10% to fund audit; CEO termination standstill extended to Nov 15","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Company issued $150k in promissory notes to Mercer Street and Cavalry Fund at 10% interest, due in 6 months.","Proceeds to fund 2023 audit, 2024 quarterly reviews, and delinquent SEC filings (10-K 2023, Q1 and Q2 2024).","CEO Sebastian Giordano's employment termination due to nonpayment; standstill extended to Nov 15, 2024.","Unpaid compensation acknowledged at $328k as of Aug 15, plus potential $400k severance.","Existing senior notes total $1.55M, including $1M from John Mercadante."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":243067,"accession_number":"0001493152-24-009021","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2024-03-06T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"TLSS lays off CFO and Secretary due to cessation of operations and insolvency","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CFO Marc Weiss and Secretary Tasrin Ahmed terminated Feb 29, 2024 due to cessation of all operations and insolvency.","Sebastian Giordano appointed CFO/Treasurer (also CEO) effective March 1; serving without pay.","John Mercadante appointed Secretary effective March 1.","Company has ceased all logistics/transportation operations and is insolvent, unable to meet obligations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":243066,"accession_number":"0001493152-24-007350","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2024-02-21T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"TLSS operating subsidiaries cease all operations as of Feb 16, 2024; no revenue operations remain","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Cougar Express and JFK Cartage (Cougar) and Severance entities ceased operations on Feb 16, 2024 due to loss of vehicle insurance and landlord repossession.","Severance laid off virtually all employees; Cougar Express employees also laid off after landlord took possession of Inwood facility.","Company reported working capital deficit of $11,680,875 as of Sep 30, 2023, which has not improved.","No substantive revenue-generating operations remain; uncertainty about ability to continue as a going concern is high."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":243065,"accession_number":"0001493152-24-000208","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2024-01-03T23:59:59+00:00","items":["5.02","5.03","9.01"],"status":"ready","headline":"TLSS appoints new CFO and Secretary; implements 1-for-6250 reverse stock split","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Marc Weiss appointed CFO and Treasurer effective January 2, 2024; combined annual base comp $175,000.","Tasrin Ahmed appointed Secretary effective January 2, 2024; combined annual base comp $150,000.","Reverse stock split of common at 1-for-6,250 and preferred at 1-for-10, effective January 1, 2024.","Certificate of Change filed with Nevada Secretary of State on December 28, 2023.","FINRA processing and OTC Daily List posting pending for reverse split implementation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":260450,"accession_number":"0001493152-23-044221","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2023-12-08T23:59:59+00:00","items":["2.06"],"status":"ready","headline":"TLSS subsidiaries TLSS-FC and Freight Connections file Chapter 7 bankruptcy","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["On Dec 1, 2023, subsidiaries TLSS-FC Inc. and Freight Connections Inc. filed voluntary Chapter 7 petitions in NJ Bankruptcy Court.","Trustee Steven P. Kartzman appointed to market and sell FC assets to maximize value for creditors and stakeholders.","TLSS expects no impact on remaining operations: Cougar Express, JFK Cartage, and Severance Trucking."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":260449,"accession_number":"0001493152-23-040353","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2023-11-13T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"TLSS subsidiaries amend Severance deal: note reduced $171,887, maturity extended to Feb 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Principal amount of purchase price promissory note reduced by $171,887 due to post-closing working capital adjustment.","Maturity of promissory note extended from August 1, 2024 to February 1, 2025; payment schedule adjusted.","Court approved settlement: TLSS pays $50,000 to assignee of former subsidiaries Prime EFS and Shypdirect, releasing all avoidance claims.","Indemnification provided for former trustee of Severance 401(k) plan for actions taken on behalf of the company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":260448,"accession_number":"0001493152-23-039229","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2023-11-03T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"TLSS enters $500k loan agreement with director John Mercadante at 12% interest","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Entered promissory note for $500,000 with director John Mercadante; funds previously advanced.","Interest rate of 12% per annum; maturity date June 30, 2024.","Loan is prepayable at any time without premium or penalty.","Related-party transaction; director John Mercadante is lender."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":277752,"accession_number":"0001493152-23-033284","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2023-09-21T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"CFO James Giordano resigns; Sebastian Giordano appointed as successor at TLSS","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["James Giordano resigns as CFO, effective October 13, 2023; will assist in transition.","Board appointed Sebastian Giordano as CFO and Treasurer, effective October 14, 2023.","Transportation and Logistics Systems (OTC: TLSS) is a holding company for logistics subsidiaries."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":277751,"accession_number":"0001493152-23-032570","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2023-09-14T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"TLSS issues CEO stakeholder letter; filing lacks exhibit content for summary","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["CEO Sebastian Giordano issued a letter to stakeholders; content not included in this filing.","Update likely forward-looking and non-substantive per filing's cautionary language.","No new material events, financial data, or operational changes provided.","Exhibit 20.1 referenced but not available; further review required."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":277750,"accession_number":"0001493152-23-024887","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2023-07-19T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"TLSS files Series I Preferred Stock to enable 50B authorized share increase for strategic partnerships","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Filed Certificate of Designation for Series I Preferred Stock with Nevada, effective July 14, 2023.","Series I Preferred Stock has voting power of 51% solely on proposed increase of authorized common stock from 10B to 50B shares.","Series I is non-convertible, pays no dividends, no liquidation rights; will cancel upon effectiveness of share increase amendment.","Current authorized common stock is 10B shares; ~3.7B shares outstanding, ~8.54B fully diluted, limiting further equity issuance.","Company states it is pursuing imminent strategic partnerships in exchange for shares, necessitating the authorized share increase."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":277749,"accession_number":"0001493152-23-024289","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2023-07-12T23:59:59+00:00","items":["3.02","3.03"],"status":"ready","headline":"TLSS raises $503k via warrant exercise at $0.002; anti-dilution cuts conversion prices","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Received $503,270 from exercise of 251.6M warrants at $0.002 per share (reduced from $0.01).","Expects additional $115,841 from further warrant exercises by end of July 2023.","Exercise price of all remaining warrants reduced to $0.002 per share due to dilutive issuance.","Conversion price of Series G Preferred Stock lowered to $0.002 per share (546,000 shares outstanding).","Conversion price of Series E Preferred Stock lowered to $0.003 per share (21,418 shares outstanding)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":295727,"accession_number":"0001493152-23-021844","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K/A","filed_at":"2023-06-20T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"TLSS files Freight Connections audited financials; 2021 revenue $8.92M, net income $1.03M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Freight Connections revenue $8.92M in 2021, up 40% from $6.36M in 2020.","Net income of $1.03M in 2021 vs $0.36M in 2020; gross profit $4.10M.","Total assets $2.77M at Dec 31, 2021; cash $88.7K, down from $292.6K a year earlier.","Acquired by TLSS subsidiary on Sept 16, 2022; pro forma financials included.","Operating income $1.44M in 2021; income before taxes $1.48M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":295728,"accession_number":"0001493152-23-013367","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2023-04-24T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"TLSS Board approves $1M Credit Facility; insider loans of $600K drawn","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Board approved unsecured Credit Facility up to $1,000,000; 12% annual interest, maturity Dec 31, 2023.","Initial loans: $500,000 from Director John Mercadante (Apr 17) and $100,000 from CEO Sebastian Giordano (Apr 21).","Loans are prepayable without premium; proceeds for general corporate purposes (implied).","Credit Facility is senior unsecured debt; further loans on pari passu basis through May 31, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":316268,"accession_number":"0001493152-23-003641","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2023-02-06T23:59:59+00:00","items":["2.01","9.01"],"status":"ready","headline":"TLSS completes acquisition of Severance (LTL trucking) for $2.25M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total purchase price of $2,250,000 plus $10,747 closing expenses; paid $365,613 cash, assumed $152,748 vehicle debt, and issued $1,572,939 secured note at 12% interest.","Note payable in three equal installments on Aug 1, 2023; Feb 1, 2024; and Aug 1, 2024, secured by Severance assets and TLSS corporate guarantee.","Severance had 2022 annual revenues over $13.0M, operates 120+ power units and trailers, with warehouse/office/repair facilities in Massachusetts and Connecticut.","Acquisition via newly-formed subsidiary TLSS-STI, Inc.; sellers Kathryn Boyd, Clyde Severance, Robert Severance are unaffiliated with TLSS.","One seller entered a consulting/non-compete agreement for 3 months to 1 year post-closing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":316267,"accession_number":"0001493152-23-001034","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2023-01-10T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"TLSS subsidiary agrees to acquire Severance Trucking for $2.25M cash","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Purchase price of $2.25M cash, subject to adjustment for assumed debt and working capital.","Closing expected by Jan 31, 2023; subject to due diligence, financing, and landlord consents.","Severance operates LTL trucking in New England, Upstate NY, Canada; over 100 years in business.","Sellers are individuals Kathryn Boyd, Clyde Severance, Robert Severance; no affiliation with TLSS.","Transaction structured as stock purchase; certain assets and liabilities excluded from deal."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":334565,"accession_number":"0001493152-22-036654","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2022-12-28T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"TLSS amends bylaws to adopt staggered board and electronic signature provisions","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Board amended bylaws on Dec 21, 2022, effective immediately.","Directors will serve staggered 3-year terms; 1/3 of board elected each year.","Written consents by directors may be executed in counterparts and via electronic media.","Amendments adopted at a special board meeting; Exhibit 3.1 filed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":351986,"accession_number":"0001493152-22-026317","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2022-09-20T23:59:59+00:00","items":["2.01","9.01"],"status":"ready","headline":"TLSS completes acquisition of Freight Connections for ~$9.9M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total consideration ~$9.9M: $1,501,291 cash, $4,544,671 secured note, $341,605 debt assumption, plus $3,513,571 in TLSS stock.","Freight Connections had 2021 revenue of $8.0M and $4.7M in first half 2022; operates 30 power units and 50 trailers.","Joseph Corbisiero, sole shareholder and seller, signed a 3-year employment agreement to continue as CEO of Freight Connections.","The promissory note accrues interest at 5% then 10% after March 2023, due in a balloon payment on Dec 31, 2023.","TLSS issued shares of common stock (up to 4.99% of outstanding) and Series H Convertible Preferred for the stock portion."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":351985,"accession_number":"0001493152-22-025682","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2022-09-13T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Transportation and Logistics Systems appoints Justin Frey as COO, $470k package","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Justin Frey appointed COO effective September 12, 2022.","Previously VP of Operations at LandAir; earlier roles at FFE Transportation, Dicom/Eastern Connection, Freeman Company.","Annual base salary of $215,000 plus discretionary bonuses, equity grants, and benefits totaling approx. $470,000 per year.","No departure of prior COO disclosed; role appears newly filled or expanded."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":351984,"accession_number":"0001493152-22-023724","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2022-08-22T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"TLSS downgraded from OTCQB to OTC Pink after failing minimum bid price requirement","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["OTC Markets Group notified TLSS of transfer to OTC Pink effective before market open on or after Aug 22, 2022.","Stock closed below $0.01 for over 30 consecutive days; cure period expired Aug 21 without meeting $0.01 for 10 consecutive trading days.","TLSS will continue trading under symbol \"TLSS\" on OTC Pink, likely with only limited quotation available.","Cure period was granted on May 23, 2022, but minimum bid price condition was not satisfied by the deadline."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":351983,"accession_number":"0001493152-22-021831","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2022-08-10T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"TLSS faces OTCQB delisting risk; closes JFK Cartage, advancing Freight Connections deal","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Stock below $0.01; OTCQB extension denied; may return to Pink Sheets on Aug 21, 2022.","Closed JFK Cartage acquisition on Aug 4, 2022; funded by sale of Shyp FX assets.","Expects to close Freight Connections in weeks with restructured terms, lower upfront cash.","Board declines reverse stock split unless needed for NASDAQ/NYSE uplist.","Plan to file Q2 2022 10-Q on time; earnings press release to follow."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":351982,"accession_number":"0001493152-22-021310","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2022-08-04T23:59:59+00:00","items":["2.01"],"status":"ready","headline":"TLSS subsidiary Cougar Express closes acquisition of JFK Cartage for $1.7M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total consideration $1.7M: $401,552 cash, $696,935 note (25% AR collections weekly, then 3 annual installments at 5%).","Assumed $503,065 SBA loan and $98,448 in accrued liabilities from seller.","JFK Cartage had $3.6M revenue in 2021, $2.0M in H1 2022; operates 30,000 sq ft warehouse near JFK Airport.","Provides warehousing, delivery, trucking services to 95+ accounts in NY tri-state area.","Effective date July 31, 2022; seller Joan Ton is unrelated third party."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":351981,"accession_number":"0001493152-22-018775","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2022-07-07T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"TLSS formalizes CFO James Giordano employment through Dec 2025 with $250K base salary","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["James Giordano appointed CFO under 2.5-year term ending Dec 31, 2025; base salary $250,000/year.","2022 bonus up to $125,000 tied to milestones: NASDAQ uplist, $100M revenue, positive EBITDA, $125M market cap, $10M capital raise.","Agreement converts prior letter agreement; includes non-compete for 2 years post-termination.","Severance: if terminated without cause, 12 months base salary continuation and accelerated equity vesting.","Change of control triggers lump sum of greater of remaining salary or 2 years base plus average bonuses."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":369447,"accession_number":"0001493152-22-018169","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2022-06-30T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"TLSS subsidiary Cougar Express agrees to acquire JFK Cartage for ~$1.7M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total purchase price approx. $1,700,000; payable as $500,000 cash, $700,000 secured note, $500,000 SBA loan assumption.","JFK Cartage operates 30,000 sq ft warehouse near JFK Airport; serves 95+ commercial accounts in NY tri-state area.","Conditions include landlord consents, due diligence, SBA loan approval; closing expected end of July 2022.","Note: 5% interest, principal due in three equal installments at years 1, 2, 3; secured by company assets.","TLSS expects to expand its JFK footprint, add profitable operation, and leverage Cougar Express capabilities."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":369446,"accession_number":"0001493152-22-017666","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2022-06-24T23:59:59+00:00","items":["2.01"],"status":"ready","headline":"TLSS subsidiary Shyp FX sells substantially all assets for $825,000 in cash","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["On June 21, 2022, Shyp FX (FedEx route servicer in NJ) sold substantially all assets to Farhoud Logistics Inc.","Gross proceeds of $825,000; net cash of $723,500 after $75,000 broker commission and $1,500 expenses.","Additional $25,000 held in escrow for bulk sale tax clearance and vehicle repair costs.","Transaction closed on June 21, 2022; buyer is an unrelated party."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":369445,"accession_number":"0001493152-22-016028","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2022-06-07T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"TLSS schedules corporate update conference call for June 8, 2022","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Conference call set for Wednesday, June 8, 2022 at 11:00 AM Eastern Time.","Webcast access link provided in press release; no financial details disclosed.","Call will provide a corporate update; no specific topics outlined in advance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":369444,"accession_number":"0001493152-22-015106","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2022-05-26T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"TLSS to acquire Freight Connections for ~$7M in cash, note, and stock","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Purchase price ~$7M (5x trailing EBITDA) paid as $4M cash, $500K secured note (4yr, 5%), and balance in TLSS stock.","Freight Connections is a NJ logistics provider with ~200K sq ft warehouse, 500+ commercial accounts, operating ~10 years.","Closing expected ~60 days after May 23, 2022, subject to due diligence, financing, and landlord consent.","Seller Joseph Corbisiero will continue as employee under employment and non-compete agreements.","TLSS sees acquisition as expansion into tri-state area, leveraging existing Cougar Express subsidiary operations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":369443,"accession_number":"0001493152-22-014938","cik":1463208,"company_name":"Transportation & Logistics Systems, Inc.","ticker":"TLSS","form_type":"8-K","filed_at":"2022-05-24T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"TLSS receives OTCQB delisting notice for bid price <$0.01; 90-day cure until Aug 21, 2022","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["OTC Markets notified TLSS that bid price closed below $0.01 for 30+ consecutive days, violating OTCQB standard.","TLSS has 90-day cure period until Aug 21, 2022, to close at $0.01 or higher for ten consecutive trading days.","If not cured, TLSS common stock will be removed from OTCQB and likely quoted on OTC Pink under same symbol.","Also, if bid price falls below $0.001 for five consecutive trading days, immediate removal from OTCQB.","Company plans to consider steps to avoid removal, but no assurance given."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":588944.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2022-05-24T23:59:59+00:00|369443"}