---
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"
generated_at: "2026-05-17T03:22:08.216869+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# TLSS settles $378K liabilities with Series J preferred shares; insolvent with ceased operations

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-018453
- JSON: https://secwatch.observer/filing/0001493152-25-018453.json
- Plain text: https://secwatch.observer/filing/0001493152-25-018453.txt

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