Transportation & Logistics Systems, Inc. (TLSS) Form 8-K — Oct 27, 2026
$TLSSForm 8-KItems 1.01, 2.03, 9.01Filed Oct 27, 2026, 4:30 PM ET0001493152-26-048712Original filing
Transportation and Logistics Systems entered a letter agreement with C/M Capital Master Fund, LP on October 22, 2026, extending the maturity of $175,000 in unsecured promissory notes ($75,000 and $100,000) to December 31, 2026, with all other terms unchanged. On October 23, 2026, the company issued a new unsecured non-convertible $50,000 promissory note to Mercer Street Global Opportunity Fund LLC, an existing preferred stockholder, bearing 10% simple interest and due December 31, 2026.
Key figures
- Debt Amount
- 50000
- Interest Rate
- 10
- Maturity Date
- 2026-12-31
- Prepayment
- Permitted in whole or in part on 3 business days' notice, without penalty
- Default penalty
- 5.0% per month in excess of the interest rate
- Extended notes total
- $175,000 (C/M Capital Master Fund, LP notes of $75,000 and $100,000)
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