Transportation & Logistics Systems, Inc. (TLSS) Form 8-K — Sep 23, 2026
Transportation and Logistics Systems (OTCID: TLSS) signed a Fourth Amendment on September 22, 2026 to its agreement to acquire 80% of Patriot Glass Solutions and four nanotechnology patents for $4,750,000 in Series J convertible preferred shares. The amendment extends key deadlines: financial statements and due diligence deliverables are now due September 25, 2026, and the outside closing date moves to October 1, 2026. This is the fourth extension since the original April 1, 2026 agreement, signaling ongoing diligence and closing-condition hurdles.
Key figures
- Deal Value Usd
- 4750000
- Dealer network
- more than 50 dealers
- Outside closing date
- October 1, 2026
- Pgs patents acquired
- 4
- Seller membership interest
- 80%
- Merger consideration shares
- 47,500 Series J Senior Convertible Preferred shares
- Financials delivery deadline
- September 25, 2026
- Preferred stated value per share
- 100
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