---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-024887"
form_type: "8-K"
ticker: "TLSS"
cik: "0001463208"
company_name: "Transportation & Logistics Systems, Inc."
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:21:18.100276+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TLSS files Series I Preferred Stock to enable 50B authorized share increase for strategic partnerships

## Summary
- Filed Certificate of Designation for Series I Preferred Stock with Nevada, effective July 14, 2023.
- Series I Preferred Stock has voting power of 51% solely on proposed increase of authorized common stock from 10B to 50B shares.
- Series I is non-convertible, pays no dividends, no liquidation rights; will cancel upon effectiveness of share increase amendment.
- Current authorized common stock is 10B shares; ~3.7B shares outstanding, ~8.54B fully diluted, limiting further equity issuance.
- Company states it is pursuing imminent strategic partnerships in exchange for shares, necessitating the authorized share increase.

## SEC filing metadata
- accession: 0001493152-23-024887
- form_type: 8-K
- ticker: TLSS
- cik: 0001463208
- company_name: Transportation & Logistics Systems, Inc.
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463208/000149315223024887/0001493152-23-024887-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463208/000149315223024887/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-024887
- JSON: https://secwatch.observer/filing/0001493152-23-024887.json
- Plain text: https://secwatch.observer/filing/0001493152-23-024887.txt

## Key facts
- Governance Changes
  Transportation & Logistics Systems, Inc.: Filed Certificate of Designation for Series I Preferred Stock with voting rights solely to approve an increase in authorized common stock (effective 2023-07-14).
  - Change: charter amendment
  - Effective: 2023-07-14
  source text: received notice of acknowledgement from the Secretary of State of the State of Nevada of filing of a Certificate of Designation of Preferences, Rights and Limitations of the Series I Preferred Stock (the “Series I Preferred Stock”), effective as of its filing date, July 14, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1463208/000149315223024887/0001493152-23-024887-index.htm

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