secwatch.observer — SEC 8-K summary
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Issuer:     Transportation & Logistics Systems, Inc. (TLSS)
CIK:        0001463208
Form:       8-K
Filed at:   2026-08-24T21:18:44+00:00
Accession:  0001493152-26-039903
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TLSS extends PGS acquisition closing date to Sept 16, 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463208/000149315226039903/0001493152-26-039903-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463208/000149315226039903/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-039903

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