---
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"
generated_at: "2026-05-16T10:38:47.413381+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-002029
- JSON: https://secwatch.observer/filing/0001493152-26-002029.json
- Plain text: https://secwatch.observer/filing/0001493152-26-002029.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1463208/000149315226002029/0001493152-26-002029-index.htm

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