M&A
confidence high
sentiment neutral
materiality 0.50
TLSS extends PGS acquisition closing date to Sept 16, 2026
Transportation & Logistics Systems, Inc.
- Third Amendment executed Aug 19, 2026; outside closing date extended to Sept 16, 2026 from Aug 19.
- Due diligence, PGS financial statement, and full access deadlines moved to Aug 25, 2026.
- Consideration unchanged: $4.75M in 47,500 TLSS Series J Preferred Shares ($100 stated value).
- Acquisition targets 80% PGS interest plus 4 C-Bond nanotechnology patents; Wanke retains 20%.
- Deal requires audited PGS 2024/2025 financials and Q1-Q2 2026 unaudited financials by Aug 25.