secwatch.observer — SEC 8-K summary
======================================

Issuer:     Transportation & Logistics Systems, Inc. (TLSS)
CIK:        0001463208
Form:       8-K
Filed at:   2026-07-21T20:44:37+00:00
Accession:  0001493152-26-034098
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 amends $50K promissory note, extends maturity to Sept 30, 2026
--------------------------------------------------------------------------------

- Amended and restated $50,000 unsecured non-convertible note with C/M Capital Master Fund, LP at 10% interest.
- Maturity extended to September 30, 2026; note may be prepaid without penalty on 3 days' notice.
- Proceeds to fund SEC/OTC filings, tax compliance, transfer agent costs, and routine litigation fees.
- Note is in parity with existing $100,000 note from same lender, total $150,000 outstanding.
- Default triggers 5% monthly penalty after 30-day cure period; lender can accelerate repayment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463208/000149315226034098/0001493152-26-034098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463208/000149315226034098/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-034098

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