other material
confidence high
sentiment neutral
materiality 0.60
TLSS raises $503k via warrant exercise at $0.002; anti-dilution cuts conversion prices
Transportation & Logistics Systems, Inc.
- Received $503,270 from exercise of 251.6M warrants at $0.002 per share (reduced from $0.01).
- Expects additional $115,841 from further warrant exercises by end of July 2023.
- Exercise price of all remaining warrants reduced to $0.002 per share due to dilutive issuance.
- Conversion price of Series G Preferred Stock lowered to $0.002 per share (546,000 shares outstanding).
- Conversion price of Series E Preferred Stock lowered to $0.003 per share (21,418 shares outstanding).