TLSS issues $50K promissory note to fund financial statements and filings

Transportation & Logistics Systems, Inc.

Principal $50,000 at 10% simple interest, due in six months (maturity July 2025).
Proceeds used for 2024 Q2/Q3 financial statement completion, SEC/OTC filings, tax good standing, and routine litigation fees.
Note is non-convertible and junior to approximately $1.55M in senior notes listed in Exhibit A.
Default triggers 5% monthly penalty after 30 days; lender may declare entire amount due.
This is the fourth similar note from the same lender since August 2024, indicating ongoing capital strain.

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.