other material
confidence high
sentiment neutral
materiality 0.45
TLSS 5,000-for-1 reverse stock split effective Oct 2, 2026; CUSIP changes to 89388L207
Transportation & Logistics Systems, Inc.
- Reverse split at 5,000-for-1 became effective Oct 2, 2026, after stockholders approved it at the Aug 11, 2026 special meeting; Certificate of Change filed with Nevada Sept 18, 2026.
- Each holder's shares automatically converted to whole shares equal to pre-split count divided by 5,000; no fractional shares and no cash paid in lieu.
- Holders who would have received a fractional share instead got one whole post-split share, a rounding-up at the beneficial owner level.
- CUSIP changes to 89388L207; shares trade on OTC Markets under existing symbol 'TLSS' once DTC finishes processing the fractional-share rounding.
- Equiniti Trust Company, LLC is transfer and exchange agent; registered and brokerage-held shares convert automatically with no holder action required.