TLSS extends PGS acquisition closing to Oct 1; $4.75M in preferred stock

Transportation & Logistics Systems, Inc.

Fourth Amendment extends closing date to Oct 1, 2026 (from Sept 16) and due diligence/financial delivery to Sept 25, 2026.
Merger consideration: $4.75M in 47,500 shares of TLSS Series J Senior Convertible Preferred Stock (stated value $100/share).
Acquisition via reverse triangular merger: 80% of PGS plus 4 C-Bond nanotechnology patents from Badcer Ops.
PGS provides window tint/film and C-Bond glass strengthening products across 50+ dealer network; Wanke retains 20% with planned employment agreement.
Closing conditions include audited 2024/2025 and unaudited Q1/Q2 2026 PGS financials by Sept 25 and landlord consent.

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