--- schema_version: "secwatch.filing_event.v1" accession: "0001493152-23-018785" form_type: "8-K" ticker: null cik: "0001514056" company_name: "Titan Environmental Solutions Inc." filed_at: "2023-05-24T23:59:59+00:00" generated_at: "2026-06-14T15:56:23.213565+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # TraQiQ acquires Titan Trucking for Series C shares; appoints new CEO/COO/CFO ## Summary - Acquired Titan Trucking (Michigan waste collection) for 630,900 shares of Series C Preferred (convertible at 100:1). - Glen Miller appointed CEO, Jeffrey Rizzo COO, Michael Jansen CFO; Miller and Rizzo join board, Miller as chairman. - CEO Miller receives $295k base salary + 70,100 Series C shares + 7.9M restricted common; COO Rizzo $275k base + 7.9M restricted common. - Ajay Sikka resigned as CEO/CFO but remains on board; prior director Greg Rankich resigned. - Company plans to rebrand as Titan Environmental Solutions, focusing on organic growth and waste acquisition roll-up. ## SEC filing metadata - accession: 0001493152-23-018785 - form_type: 8-K - cik: 0001514056 - company_name: Titan Environmental Solutions Inc. - filed_at: 2023-05-24T23:59:59+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 1.01, 5.02, 2.01, 3.02, 3.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1514056/000149315223018785/0001493152-23-018785-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1514056/000149315223018785/form8-k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001493152-23-018785 - JSON: https://secwatch.observer/filing/0001493152-23-018785.json - Plain text: https://secwatch.observer/filing/0001493152-23-018785.txt ## Key facts - Executive change Michael Jansen was appointed as Chief Financial Officer at Titan Environmental Solutions Inc.. - Action: appointed - Role: Chief Financial Officer source text: Michael Jansen was appointed by the board as Chief Financial Officer of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1514056/000149315223018785/0001493152-23-018785-index.htm - Executive change Glen Miller was appointed as chairman of the board at Titan Environmental Solutions Inc.. - Action: appointed - Role: chairman of the board source text: Mr. Miller was appointed as the chairman of the board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1514056/000149315223018785/0001493152-23-018785-index.htm - Executive change Glen Miller was appointed as director at Titan Environmental Solutions Inc.. - Action: appointed - Role: director source text: on May 22, 2023, Glen Miller and Jeffrey Rizzo were appointed as directors to fill both vacancies evidence_url: https://www.sec.gov/Archives/edgar/data/1514056/000149315223018785/0001493152-23-018785-index.htm - Executive change Greg Rankich resigned as director at Titan Environmental Solutions Inc.. - Action: resigned - Role: director source text: following the resignation of Greg Rankich as a director of the Company, which created a second vacancy on the Company’s board of directors, on May 22, 2023, Glen Miller and Jeffrey Rizzo were appointed as directors to fill both vacancies evidence_url: https://www.sec.gov/Archives/edgar/data/1514056/000149315223018785/0001493152-23-018785-index.htm - Executive change Jeffrey Rizzo was appointed as Chief Operating Officer at Titan Environmental Solutions Inc.. - Action: appointed - Role: Chief Operating Officer source text: Jeffrey Rizzo was appointed by the board as the Chief Operating Officer of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1514056/000149315223018785/0001493152-23-018785-index.htm - Executive change Ajay Sikka resigned as Chief Executive Officer and Chief Financial Officer at Titan Environmental Solutions Inc.. - Action: resigned - Role: Chief Executive Officer and Chief Financial Officer source text: on the Closing Date Ajay Sikka resigned his positions as Chief Executive Officer and Chief Financial Officer of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1514056/000149315223018785/0001493152-23-018785-index.htm - Executive change Glen Miller was appointed as Chief Executive Officer at Titan Environmental Solutions Inc.. - Action: appointed - Role: Chief Executive Officer source text: Glen Miller was appointed by the board as the Chief Executive Officer of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1514056/000149315223018785/0001493152-23-018785-index.htm - Executive change Jeffrey Rizzo was appointed as director at Titan Environmental Solutions Inc.. - Action: appointed - Role: director source text: Glen Miller and Jeffrey Rizzo were appointed as directors to fill both vacancies evidence_url: https://www.sec.gov/Archives/edgar/data/1514056/000149315223018785/0001493152-23-018785-index.htm - M&A Transactions Titan Environmental Solutions Inc. completed an acquisition involving Titan Trucking, LLC; Titan 5, LLC; Titan National Holdings 2, LLC; Jeffrey Rizzo; William McCauley for 630,900 shares of Series C Convertible Preferred Stock (closed 2023-05-19). - Action: acquisition - Counterparty: Titan Trucking, LLC; Titan 5, LLC; Titan National Holdings 2, LLC; Jeffrey Rizzo; William McCauley - Consideration: 630,900 shares of Series C Convertible Preferred Stock - Closing: 2023-05-19 source text: As described under Item 1.01 of this Current Report on Form 8-K, on the Closing Date, the Company completed its acquisition of the membership interests of Titan in exchange for the issuance by the Company to the Sellers of 630,900 shares of Series C Preferred Stock. evidence_url: https://www.sec.gov/Archives/edgar/data/1514056/000149315223018785/0001493152-23-018785-index.htm - Material Agreements Titan Environmental Solutions Inc. entered into Agreement and Plan of Merger with TraQiQ, Inc., Titan Merger Sub Corp., Titan Trucking, LLC, Titan 5, LLC, Titan National Holdings 2, LLC, Jeffrey Rizzo, and William McCauley (effective 2023-05-19). - Action: entry - Agreement: merger - Counterparty: TraQiQ, Inc., Titan Merger Sub Corp., Titan Trucking, LLC, Titan 5, LLC, Titan National Holdings 2, LLC, Jeffrey Rizzo, and William McCauley - Effective: 2023-05-19 source text: On May 19, 2023 (the “Closing Date”), TraQiQ, Inc., a California corporation (the “Company”), and its wholly-owned subsidiary, Titan Merger Sub Corp. (“Merger Sub”), entered into an Agreement and Plan of Merger dated as of the Closing Date (the “Merger Agreement”), with Titan Trucking, LLC, a Michigan limited liability company (“Titan”), Titan 5, LLC, a Michigan limited liability company (“Titan 5”), Titan National Holdings 2, LLC, a Michigan limited liability company (“Holdings”), Jeffrey Rizzo, an individual (“JR”), William McCauley, an individual (“WM”, and, together with Holdings, Titan 5 and JR, the “Sellers”), and Jeffrey Rizzo, as the Seller Representative, pursuant to which, on the Closing Date, Merger Sub was merged with and into Titan, with Titan continuing as the surviving entity and as a wholly-owned subsidiary of the Company (the “Merger”). evidence_url: https://www.sec.gov/Archives/edgar/data/1514056/000149315223018785/0001493152-23-018785-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.