TLSS exchanges 112,500 Series G shares plus $258,864 dividends for 13,857 Series J shares; cancels 20M warrants

Transportation & Logistics Systems, Inc.

Exchanged 112,500 Series G shares (27.68% of Series G) and $258,864 accrued dividends for 13,857 Series J shares.
Holders cancelled warrants to purchase up to 20,000,000 common shares.
Transaction effective June 1, 2025; Series J created under Certificate of Designation filed May 5, 2025.

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