TLSS downgraded from OTCQB to OTC Pink after failing minimum bid price requirement

Transportation & Logistics Systems, Inc.

OTC Markets Group notified TLSS of transfer to OTC Pink effective before market open on or after Aug 22, 2022.
Stock closed below $0.01 for over 30 consecutive days; cure period expired Aug 21 without meeting $0.01 for 10 consecutive trading days.
TLSS will continue trading under symbol "TLSS" on OTC Pink, likely with only limited quotation available.
Cure period was granted on May 23, 2022, but minimum bid price condition was not satisfied by the deadline.

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