{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-017666","form_type":"8-K","ticker":"TLSS","cik":"0001463208","company_name":"Transportation & Logistics Systems, Inc.","filed_at":"2022-06-24T23:59:59+00:00","discovered_at":"2026-05-14T18:04:00.803340+00:00","generated_at":"2026-06-24T23:15:45.412317+00:00","sec_items":["2.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"TLSS subsidiary Shyp FX sells substantially all assets for $825,000 in cash","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-017666","json":"https://secwatch.observer/filing/0001493152-22-017666.json","markdown":"https://secwatch.observer/filing/0001493152-22-017666.md","text":"https://secwatch.observer/filing/0001493152-22-017666.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1463208/000149315222017666/0001493152-22-017666-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1463208/000149315222017666/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T23:15:45.412317+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}