{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-019375","form_type":"8-K","ticker":"TLSS","cik":"0001463208","company_name":"Transportation & Logistics Systems, Inc.","filed_at":"2026-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.313430+00:00","generated_at":"2026-05-15T02:48:22.543762+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Transportation & Logistics Systems raises $100K unsecured note for compliance and tax good standing","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-019375","json":"https://secwatch.observer/filing/0001493152-26-019375.json","markdown":"https://secwatch.observer/filing/0001493152-26-019375.md","text":"https://secwatch.observer/filing/0001493152-26-019375.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1463208/000149315226019375/0001493152-26-019375-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1463208/000149315226019375/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T02:48:22.543762+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":"ec16fbcebde59c0674d96c455adc251f062042a7","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1463208/000149315226019375/0001493152-26-019375-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$100,000"},{"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"}