secwatch.observer — SEC 8-K summary
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Issuer:     Transportation & Logistics Systems, Inc. (TLSS)
CIK:        0001463208
Form:       8-K
Filed at:   2026-04-07T23:59:59+00:00
Accession:  0001493152-26-015436
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TLSS acquires 80% of Patriot Glass Solutions for $4.75M in Series J preferred stock
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- Deal consideration is $4.75M, payable as 47,500 shares of TLSS Series J Senior Convertible Preferred at $100/share stated value.
- Acquisition includes 80% membership interest in PGS and four nanotechnology patents from Badcer Ops, Inc.
- Closing expected by June 1, 2026, subject to audited financials for PGS for 2024 and 2025 and other conditions.
- PGS provides window tint and glass strengthening services using C-Bond technology across auto, home, and commercial sectors.
- PGS's sole Manager Michael Wanke retains 20% interest and will enter into an employment agreement post-closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463208/000149315226015436/0001493152-26-015436-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463208/000149315226015436/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-015436

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