{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-014291","form_type":"8-K","ticker":"TLSS","cik":"0001463208","company_name":"Transportation & Logistics Systems, Inc.","filed_at":"2025-09-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.034802+00:00","generated_at":"2026-05-17T06:05:24.216404+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"TLSS settles $50k debt with Series J Preferred; discloses insolvency and cessation of operations","bullets":["Settled $50,273.97 in liabilities by issuing 503 shares of Series J Preferred Stock to a note holder.","Settlement conditioned on exchange of ≥50% of Series E and G Preferred for Series J; condition satisfied.","Company states it has ceased all logistics and transportation operations and is unable to meet financial obligations.","Company may fail to maintain listing or comply with SEC reporting without additional funding.","Preferred shares and underlying common issued unregistered under Section 3(a)(9) exemption."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-014291","json":"https://secwatch.observer/filing/0001493152-25-014291.json","markdown":"https://secwatch.observer/filing/0001493152-25-014291.md","text":"https://secwatch.observer/filing/0001493152-25-014291.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1463208/000149315225014291/0001493152-25-014291-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1463208/000149315225014291/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:05:24.216404+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":[{"claim_id":"1218849631fa5bf86d293a4750cc53311f7129b3","claim":"Transportation & Logistics Systems, Inc. issued 503 shares of preferred stock for $50,273.970 in Outstanding Liabilities.","evidence_excerpt":"the Creditor agreed to settle an aggregate of $50,273.970 in Outstanding Liabilities, which includes accrued and unpaid interest, in exchange for the issuance of 503 shares of the Company’s Series J Senior Convertible Preferred Stock","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1463208/000149315225014291/0001493152-25-014291-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"preferred stock"},{"label":"Shares","value":"503 shares"},{"label":"Consideration","value":"$50,273.970 in Outstanding Liabilities"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}