---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-014938"
form_type: "8-K"
ticker: "TLSS"
cik: "0001463208"
company_name: "Transportation & Logistics Systems, Inc."
filed_at: "2022-05-24T23:59:59+00:00"
generated_at: "2026-06-25T07:37:46.712363+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TLSS receives OTCQB delisting notice for bid price <$0.01; 90-day cure until Aug 21, 2022

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-22-014938
- form_type: 8-K
- ticker: TLSS
- cik: 0001463208
- company_name: Transportation & Logistics Systems, Inc.
- filed_at: 2022-05-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463208/000149315222014938/0001493152-22-014938-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463208/000149315222014938/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-014938
- JSON: https://secwatch.observer/filing/0001493152-22-014938.json
- Plain text: https://secwatch.observer/filing/0001493152-22-014938.txt

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