Transportation & Logistics Systems raises $100K unsecured note for compliance and tax good standing

Transportation & Logistics Systems, Inc.

Principal $100,000, interest 10% p.a., maturity 6 months from April 24, 2026.
Proceeds used for SEC/OTC filings, tax compliance, transfer agent costs, and routine litigation fees.
Note is non-convertible, prepayable with 3 days' notice, no penalty.
Default triggers 5% monthly penalty; lender may accelerate after 30 days.
Company also entered a letter agreement with C/M Capital Master Fund, LP (same lender as prior notes).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Transportation & Logistics Systems, Inc. incurred loan of $100,000 with C/M Capital Master Fund, LP at 10% per annum maturing six months following the issuance date.

Instrument: loan
Principal: $100,000
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 April 24, 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 $100,000, with interest at the rate of 10% per annum accruing and due at maturity six months following the issuance date

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Transportation & Logistics Systems, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-019375

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