Transportation & Logistics Systems, INC

Market Movers (8-K)

OID
Transportation and Logistics Systems, Inc. has amended and restated a $50,000 unsecured promissory note with C/M Capital Master Fund, LP, extending the maturity date to September 30, 2026.
OID
Transportation and Logistics Systems, Inc. has amended its agreement to acquire Patriot Glass Solutions, LLC, extending key transaction dates and adding a closing statement provision.
Delay expected
OID
Transportation and Logistics Systems, Inc. has amended its agreement to acquire Patriot Glass Solutions, extending key closing and due diligence deadlines to July 1, 2026.
Delay expected
OID
Transportation and Logistics Systems, Inc. has entered into a $100,000 unsecured promissory note to fund regulatory compliance and operational costs.
Capital raise
OID
Transportation and Logistics Systems, Inc. has entered into a definitive agreement to acquire an 80% stake in Patriot Glass Solutions and four nanotechnology patents to pivot into the security technology sector.
Better than expected
Capital raise
OID
Transportation and Logistics Systems, Inc. obtained a $75,000 promissory note to fund regulatory filings, tax compliance, and routine legal expenses.
Capital raise

Quarterly Earnings (10-Q)

OID
Transportation and Logistics Systems, Inc. reports no revenue for Q1 2026 while advancing a reverse triangular merger with Patriot Glass Solutions.
Capital raise
OID
Transportation and Logistics Systems, Inc. (TLSS) reported a net income for the nine months ended September 30, 2025, primarily driven by significant debt extinguishment gains, despite having ceased all revenue-generating operations in February 2024 and facing substantial doubt about its ability to continue as a going concern.
Worse than expected
Delay expected
Capital raise
OID
Transportation and Logistics Systems, Inc. reported a net income for Q2 2025 driven by debt extinguishment gains, as it continues to operate without revenue-generating businesses and faces significant going concern doubts.
Worse than expected
Delay expected
Capital raise
OID
Transportation and Logistics Systems, Inc. (TLSS) releases its Q1 2025 financial results, navigating a period of restructuring and exploring new business opportunities after ceasing its logistics operations in February 2024.
Worse than expected
Capital raise
OID
Transportation and Logistics Systems Inc. reports ongoing losses and substantial doubt about its ability to continue as a going concern in its Q3 2024 report, following the cessation of its logistics operations.
Capital raise
Worse than expected
OID
Transportation and Logistics Systems, Inc. faces significant financial challenges, including continued losses and substantial doubt about its ability to continue as a going concern, as detailed in its Q2 2024 report.
Worse than expected
Capital raise
Delay expected

Annual Reports (10-K)

OID
Transportation and Logistics Systems filed its 2025 10-K showing no operations, a going‑concern warning, heavy reliance on debt-for-equity swaps, and potential issuance of over 11B new shares via Series J preferred.
Delay expected
Worse than expected
Capital raise
OID
Transportation and Logistics Systems, Inc. reports a net loss of $3.82 million for 2024 and expresses substantial doubt about its ability to continue as a going concern in its latest 10-K filing.
Capital raise
Worse than expected
OID
Transportation and Logistics Systems, Inc. has issued a common stock purchase warrant, detailing the terms and conditions for purchasing shares.

Insider Trading (Form 4)

OID
Transportation & Logistics Systems, Inc. CEO Sebastian Giordano acquired 10,007 shares of Series J Senior Convertible Preferred Stock as part of a settlement agreement.
OID
Transportation & Logistics Systems CEO Sebastian Giordano received 4,000 shares of Series J Senior Convertible Preferred Stock as a compensation award, convertible into common stock.
OID
Norman Francis Newton Jr., a Director of Transportation & Logistics Systems, Inc. (TLSS), acquired Series J Senior Convertible Preferred Stock as part of a settlement agreement for outstanding liabilities.
OID
Transportation & Logistics Systems, Inc. issued 1,325 shares of Series J Senior Convertible Preferred Stock to CEO Sebastian Giordano on May 30, 2025, settling $132,463.01 in outstanding liabilities.
Capital raise
OID
Transportation & Logistics Systems, Inc. Director Charles F. Benton received 37 shares of Series J Senior Convertible Preferred Stock in settlement of $3,686.76 in outstanding liabilities owed by the company.
OID
Transportation & Logistics Systems, Inc. Director John Mercadante JR acquired 17,348 shares of Series J Senior Convertible Preferred Stock as part of a settlement for $1,734,807.54 in outstanding liabilities owed by the company.
Better than expected

Proxy Statements (Def-14A)

OID
Transportation & Logistics Systems, Inc. is soliciting proxies for a special meeting on August 11, 2026, to vote on a 5,000-for-1 reverse stock split.

New Public Companies (S-1)

OID
Transportation and Logistics Systems, Inc. files an S-1 to register up to 10.65 billion common shares for resale by existing holders, with no proceeds to the company, as it navigates significant dilution and ceased operations.
Capital raise
Worse than expected