---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-024289"
form_type: "8-K"
ticker: "TLSS"
cik: "0001463208"
company_name: "Transportation & Logistics Systems, Inc."
filed_at: "2023-07-12T23:59:59+00:00"
generated_at: "2026-06-13T09:23:19.354626+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TLSS raises $503k via warrant exercise at $0.002; anti-dilution cuts conversion prices

## Summary
- 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).

## SEC filing metadata
- accession: 0001493152-23-024289
- form_type: 8-K
- ticker: TLSS
- cik: 0001463208
- company_name: Transportation & Logistics Systems, Inc.
- filed_at: 2023-07-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 3.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463208/000149315223024289/0001493152-23-024289-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463208/000149315223024289/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-024289
- JSON: https://secwatch.observer/filing/0001493152-23-024289.json
- Plain text: https://secwatch.observer/filing/0001493152-23-024289.txt

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