{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-002029","form_type":"8-K","ticker":"TLSS","cik":"0001463208","company_name":"Transportation & Logistics Systems, Inc.","filed_at":"2026-01-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.123632+00:00","generated_at":"2026-05-16T10:38:47.413381+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Transportation and Logistics Systems issues $75K promissory note at 10% to fund S-1 prep","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-002029","json":"https://secwatch.observer/filing/0001493152-26-002029.json","markdown":"https://secwatch.observer/filing/0001493152-26-002029.md","text":"https://secwatch.observer/filing/0001493152-26-002029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1463208/000149315226002029/0001493152-26-002029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1463208/000149315226002029/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T10:38:47.413381+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":"001694e1f6908e69dd5ee2cad75531eadce85bcf","claim":"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.","evidence_excerpt":"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 \")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1463208/000149315226002029/0001493152-26-002029-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$75,000"},{"label":"Counterparty","value":"C/M Capital Master Fund, LP"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"six months following the issuance date"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}