{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-006461","form_type":"8-K","ticker":"TLSS","cik":"0001463208","company_name":"Transportation & Logistics Systems, Inc.","filed_at":"2025-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.700076+00:00","generated_at":"2026-05-26T22:12:45.622720+00:00","sec_items":["1.01","2.04","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"TLSS extends $150K notes maturity to Aug 2025; default on $64.5K note triggers 17% rate","bullets":["Extended maturity of $150K August 2024 Notes to Aug 12, 2025; interest remains 10%.","Default on $64,534 Mercadante Note due Feb 6, 2025; interest rate increased to 17% effective Feb 7.","Noteholders: Mercer Street Global Opportunity Fund ($75K) and Cavalry Fund I LP ($75K).","Default notice received from director John Mercadante for unpaid principal and interest."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-006461","json":"https://secwatch.observer/filing/0001493152-25-006461.json","markdown":"https://secwatch.observer/filing/0001493152-25-006461.md","text":"https://secwatch.observer/filing/0001493152-25-006461.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1463208/000149315225006461/0001493152-25-006461-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1463208/000149315225006461/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T22:12:45.622720+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}