secwatch.observer — SEC 8-K summary
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Issuer:     Transportation & Logistics Systems, Inc. (TLSS)
CIK:        0001463208
Form:       8-K
Filed at:   2022-08-22T23:59:59+00:00
Accession:  0001493152-22-023724
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463208/000149315222023724/0001493152-22-023724-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463208/000149315222023724/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-023724

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