{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-018453","form_type":"8-K","ticker":"TLSS","cik":"0001463208","company_name":"Transportation & Logistics Systems, Inc.","filed_at":"2025-10-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.455533+00:00","generated_at":"2026-05-17T03:22:08.216869+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"TLSS settles $378K liabilities with Series J preferred shares; insolvent with ceased operations","bullets":["Settled $378,491.25 in liabilities by issuing 3,785 shares of Series J Senior Convertible Preferred Stock.","Condition that >=50% of Series E and Series G Preferred be exchanged for Series J has been satisfied.","Company confirms it is insolvent, has ceased all logistics/transportation operations, and cannot meet financial obligations.","May be unable to maintain listing on a Trading Market or comply with SEC reporting without additional funding."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-018453","json":"https://secwatch.observer/filing/0001493152-25-018453.json","markdown":"https://secwatch.observer/filing/0001493152-25-018453.md","text":"https://secwatch.observer/filing/0001493152-25-018453.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1463208/000149315225018453/0001493152-25-018453-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1463208/000149315225018453/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:22:08.216869+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"}