Transportation and Logistics Systems issues $75K promissory note at 10% to fund S-1 prep

Transportation & Logistics Systems, Inc.

Unsecured non-convertible note for $75,000, 10% simple interest, due in 6 months.
Proceeds used for Series J preferred registration statement, SEC/OTC filings, tax compliance, transfer agent, and litigation fees.
Default triggers 5% monthly penalty plus full acceleration at lender's discretion.
Issued to C/M Capital Master Fund, LP; note is not convertible into equity.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Transportation & Logistics Systems, Inc. incurred loan of $75,000 with C/M Capital Master Fund, LP at 10% per annum maturing six months following the issuance date.

Instrument: loan
Principal: $75,000
Counterparty: C/M Capital Master Fund, LP
Rate: 10% per annum
Maturity: six months following the issuance date
Event: incurrence

Exact text from the filing

On January 9, 2026, Transportation and Logistics Systems, Inc. (the " Company ", " we ", " us " or " our ") entered into an unsecured non-convertible promissory note (the " Note ") in the principal amount of $75,000, with interest at the rate of 10% per annum accruing and due at maturity six months following the issuance date, with C/M Capital Master Fund, LP (the " Lender ")

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Source: SEC EDGAR

accession 0001493152-26-002029

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