---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-016288"
form_type: "8-K"
ticker: "TLSS"
cik: "0001463208"
company_name: "Transportation & Logistics Systems, Inc."
filed_at: "2025-06-24T23:59:59+00:00"
generated_at: "2026-05-18T22:23:35.634739+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Transportation & Logistics exchanges most preferred stock and settles $583K liabilities for new Series J preferred

## Summary
- Exchanged 21,418 Series E shares (100% outstanding) and 274,000 Series G shares (59%) for 37,840 Series J preferred shares.
- Canceled warrants for 178,000,000 common shares as part of the exchange; accrued dividends of $761,213.42 also converted.
- Settled $583,199.84 in liabilities and canceled warrants for 151,785,715 common shares in exchange for 5,864 Series J preferred shares.
- Series J preferred issued under exemptions from registration (Sections 3(a)(9) and 4(a)(2) of Securities Act).

## SEC filing metadata
- accession: 0001641172-25-016288
- form_type: 8-K
- ticker: TLSS
- cik: 0001463208
- company_name: Transportation & Logistics Systems, Inc.
- filed_at: 2025-06-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463208/000164117225016288/0001641172-25-016288-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463208/000164117225016288/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-016288
- JSON: https://secwatch.observer/filing/0001641172-25-016288.json
- Plain text: https://secwatch.observer/filing/0001641172-25-016288.txt

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