---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-048188"
form_type: "8-K"
ticker: "TLSS"
cik: "0001463208"
company_name: "Transportation & Logistics Systems, Inc."
filed_at: "2024-11-29T23:59:59+00:00"
generated_at: "2026-05-29T12:45:59.810419+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Transportation and Logistics Systems Enters $50K Note and Corrects Unauthorized Reverse Stock Split

## Summary
- Entered into $50,000 unsecured non-convertible promissory note with Cavalry Fund I LP at 10% interest, due in six months.
- Filed Certificate of Correction with Nevada Secretary of State to withdraw unauthorized December 2023 reverse stock split.
- Note proceeds allocated to completing 2023 audit, SEC/OTC filings, tax compliance, and routine litigation fees.
- The note is junior to existing notes totaling $1,547,837.96 and in parity with $250,000 in prior notes.
- Similar notes were previously entered on August 12, 2024 and October 9, 2024 with the same lender.

## SEC filing metadata
- accession: 0001493152-24-048188
- form_type: 8-K
- ticker: TLSS
- cik: 0001463208
- company_name: Transportation & Logistics Systems, Inc.
- filed_at: 2024-11-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463208/000149315224048188/0001493152-24-048188-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463208/000149315224048188/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-048188
- JSON: https://secwatch.observer/filing/0001493152-24-048188.json
- Plain text: https://secwatch.observer/filing/0001493152-24-048188.txt

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