secwatch.observer — SEC 8-K summary
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Issuer:     Transportation & Logistics Systems, Inc. (TLSS)
CIK:        0001463208
Form:       8-K
Filed at:   2026-01-13T23:59:59+00:00
Accession:  0001493152-26-002029
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463208/000149315226002029/0001493152-26-002029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463208/000149315226002029/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-002029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer