---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-023724"
form_type: "8-K"
ticker: "TLSS"
cik: "0001463208"
company_name: "Transportation & Logistics Systems, Inc."
filed_at: "2022-08-22T23:59:59+00:00"
generated_at: "2026-06-23T22:14:31.494583+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-22-023724
- form_type: 8-K
- ticker: TLSS
- cik: 0001463208
- company_name: Transportation & Logistics Systems, Inc.
- filed_at: 2022-08-22T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463208/000149315222023724/0001493152-22-023724-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463208/000149315222023724/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-023724
- JSON: https://secwatch.observer/filing/0001493152-22-023724.json
- Plain text: https://secwatch.observer/filing/0001493152-22-023724.txt

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