{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-018169","form_type":"8-K","ticker":"TLSS","cik":"0001463208","company_name":"Transportation & Logistics Systems, Inc.","filed_at":"2022-06-30T23:59:59+00:00","discovered_at":"2026-05-14T18:04:00.803529+00:00","generated_at":"2026-06-24T21:58:53.331046+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"TLSS subsidiary Cougar Express agrees to acquire JFK Cartage for ~$1.7M","bullets":["Total purchase price approx. $1,700,000; payable as $500,000 cash, $700,000 secured note, $500,000 SBA loan assumption.","JFK Cartage operates 30,000 sq ft warehouse near JFK Airport; serves 95+ commercial accounts in NY tri-state area.","Conditions include landlord consents, due diligence, SBA loan approval; closing expected end of July 2022.","Note: 5% interest, principal due in three equal installments at years 1, 2, 3; secured by company assets.","TLSS expects to expand its JFK footprint, add profitable operation, and leverage Cougar Express capabilities."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-018169","json":"https://secwatch.observer/filing/0001493152-22-018169.json","markdown":"https://secwatch.observer/filing/0001493152-22-018169.md","text":"https://secwatch.observer/filing/0001493152-22-018169.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1463208/000149315222018169/0001493152-22-018169-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1463208/000149315222018169/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T21:58:53.331046+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"}