---
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"
generated_at: "2026-05-15T02:48:22.543762+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-019375
- JSON: https://secwatch.observer/filing/0001493152-26-019375.json
- Plain text: https://secwatch.observer/filing/0001493152-26-019375.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1463208/000149315226019375/0001493152-26-019375-index.htm

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