---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-021831"
form_type: "8-K"
ticker: "TLSS"
cik: "0001463208"
company_name: "Transportation & Logistics Systems, Inc."
filed_at: "2022-08-10T23:59:59+00:00"
generated_at: "2026-06-24T01:23:15.112760+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TLSS faces OTCQB delisting risk; closes JFK Cartage, advancing Freight Connections deal

## Summary
- Stock below $0.01; OTCQB extension denied; may return to Pink Sheets on Aug 21, 2022.
- Closed JFK Cartage acquisition on Aug 4, 2022; funded by sale of Shyp FX assets.
- Expects to close Freight Connections in weeks with restructured terms, lower upfront cash.
- Board declines reverse stock split unless needed for NASDAQ/NYSE uplist.
- Plan to file Q2 2022 10-Q on time; earnings press release to follow.

## SEC filing metadata
- accession: 0001493152-22-021831
- form_type: 8-K
- ticker: TLSS
- cik: 0001463208
- company_name: Transportation & Logistics Systems, Inc.
- filed_at: 2022-08-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463208/000149315222021831/0001493152-22-021831-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463208/000149315222021831/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-021831
- JSON: https://secwatch.observer/filing/0001493152-22-021831.json
- Plain text: https://secwatch.observer/filing/0001493152-22-021831.txt

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