---
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"
generated_at: "2026-05-17T06:05:24.216404+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# TLSS settles $50k debt with Series J Preferred; discloses insolvency and cessation of operations

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-014291
- JSON: https://secwatch.observer/filing/0001493152-25-014291.json
- Plain text: https://secwatch.observer/filing/0001493152-25-014291.txt

## Key facts
- Equity Issuances
  Transportation & Logistics Systems, Inc. issued 503 shares of preferred stock for $50,273.970 in Outstanding Liabilities.
  - Security: preferred stock
  - Shares: 503 shares
  - Consideration: $50,273.970 in Outstanding Liabilities
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1463208/000149315225014291/0001493152-25-014291-index.htm

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