---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-043934"
form_type: "8-K"
ticker: "TLSS"
cik: "0001463208"
company_name: "Transportation & Logistics Systems, Inc."
filed_at: "2026-09-23T20:30:21+00:00"
generated_at: "2026-09-23T20:32:33.222827+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-043934
- form_type: 8-K
- ticker: TLSS
- cik: 0001463208
- company_name: Transportation & Logistics Systems, Inc.
- filed_at: 2026-09-23T20:30:21+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463208/000149315226043934/0001493152-26-043934-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463208/000149315226043934/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-043934
- JSON: https://secwatch.observer/filing/0001493152-26-043934.json
- Plain text: https://secwatch.observer/filing/0001493152-26-043934.txt

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