secwatch.observer — SEC 8-K summary
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Issuer:     Transportation & Logistics Systems, Inc. (TLSS)
CIK:        0001463208
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001493152-23-039229
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463208/000149315223039229/0001493152-23-039229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463208/000149315223039229/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039229

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