TLSS enters $500k loan agreement with director John Mercadante at 12% interest

Transportation & Logistics Systems, Inc.

Entered promissory note for $500,000 with director John Mercadante; funds previously advanced.
Interest rate of 12% per annum; maturity date June 30, 2024.
Loan is prepayable at any time without premium or penalty.
Related-party transaction; director John Mercadante is lender.

item 1.01 item 9.01

Transportation & Logistics Systems, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-039229

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.