---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-002249"
form_type: "8-K"
ticker: "TLSS"
cik: "0001463208"
company_name: "Transportation & Logistics Systems, Inc."
filed_at: "2022-01-26T23:59:59+00:00"
generated_at: "2026-06-27T15:25:06.367345+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TLSS raises $700K via Series G preferred stock and warrants; appoints two new directors

## Summary
- Raised $700,000 from sale of Units (Series G preferred stock + warrants) under Section 4(a)(2)/Rule 506(b).
- Proceeds to be used for working capital and potential acquisitions.
- Charles Benton elected to Board, to serve as Audit Committee Chairman and on Compensation Committee.
- Norman Newton elected to Board, to serve as Nominating Committee Chairman and on Audit Committee.
- John Mercadante appointed Chairman of Compensation Committee and member of Nominating Committee.

## SEC filing metadata
- accession: 0001493152-22-002249
- form_type: 8-K
- ticker: TLSS
- cik: 0001463208
- company_name: Transportation & Logistics Systems, Inc.
- filed_at: 2022-01-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463208/000149315222002249/0001493152-22-002249-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463208/000149315222002249/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-002249
- JSON: https://secwatch.observer/filing/0001493152-22-002249.json
- Plain text: https://secwatch.observer/filing/0001493152-22-002249.txt

## Key facts
- Executive change
  Norman Newton was elected as Director at Transportation & Logistics Systems, Inc..
  - Action: elected
  - Role: Director
  source text: On January 20, 2022, the Board of Directors of the Company elected Norman Newton (age 55) to the Board of Directors of the Company to serve until his successor is elected and qualified.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463208/000149315222002249/0001493152-22-002249-index.htm
- Executive change
  Charles Benton was elected as Director at Transportation & Logistics Systems, Inc..
  - Action: elected
  - Role: Director
  source text: On January 20, 2022, the Board of Directors of the Company elected Charles Benton (age 71) to the Board of Directors of the Company to serve until his successor is elected and qualified.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463208/000149315222002249/0001493152-22-002249-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.