---
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"
generated_at: "2026-06-24T23:15:45.412317+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# TLSS subsidiary Shyp FX sells substantially all assets for $825,000 in cash

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-017666
- JSON: https://secwatch.observer/filing/0001493152-22-017666.json
- Plain text: https://secwatch.observer/filing/0001493152-22-017666.txt

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