secwatch.observer — SEC 8-K summary
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Issuer:     Transportation & Logistics Systems, Inc. (TLSS)
CIK:        0001463208
Form:       8-K
Filed at:   2023-07-12T23:59:59+00:00
Accession:  0001493152-23-024289
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 3.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463208/000149315223024289/0001493152-23-024289-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463208/000149315223024289/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-024289

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