secwatch.observer — SEC 8-K summary
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Issuer:     Transportation & Logistics Systems, Inc. (TLSS)
CIK:        0001463208
Form:       8-K
Filed at:   2022-05-24T23:59:59+00:00
Accession:  0001493152-22-014938
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463208/000149315222014938/0001493152-22-014938-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463208/000149315222014938/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-014938

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