Transportation & Logistics Systems Enters Material Agreement
Ticker: TLSS · Form: 8-K · Filed: Oct 15, 2024 · CIK: 1463208
| Field | Detail |
|---|---|
| Company | Transportation & Logistics Systems, Inc. (TLSS) |
| Form Type | 8-K |
| Filed Date | Oct 15, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, exhibits
TL;DR
TLSS inks new deal, likely a financing obligation. Details in exhibits.
AI Summary
On October 9, 2024, Transportation & Logistics Systems, Inc. entered into a material definitive agreement, likely a financing arrangement, as indicated by the creation of a direct financial obligation. The filing also includes financial statements and exhibits related to this event.
Why It Matters
This filing indicates a significant new financial commitment or agreement for Transportation & Logistics Systems, Inc., which could impact its future operations and financial standing.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, which could introduce new financial risks or opportunities for the company.
Key Players & Entities
- Transportation & Logistics Systems, Inc. (company) — Registrant
- October 9, 2024 (date) — Date of Earliest Event Reported
- Nevada (jurisdiction) — State of incorporation
- 001-34970 (identifier) — Commission File Number
- 26-3106763 (identifier) — IRS Employer Identification Number
- PETROTERRA CORP. (company) — Former company name
- LORAN CONNECTION CORP (company) — Former company name
FAQ
What type of material definitive agreement did Transportation & Logistics Systems, Inc. enter into?
The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this summary.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on October 9, 2024.
What is the state of incorporation for Transportation & Logistics Systems, Inc.?
Transportation & Logistics Systems, Inc. is incorporated in Nevada.
What were the former names of Transportation & Logistics Systems, Inc.?
The company was formerly known as PETROTERRA CORP. and LORAN CONNECTION CORP.
What items are covered in this 8-K filing?
This 8-K filing covers the entry into a material definitive agreement, the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant, and financial statements and exhibits.
Filing Stats: 932 words · 4 min read · ~3 pages · Grade level 12.8 · Accepted 2024-10-15 16:30:33
Key Financial Figures
- $100,000 — the "Notes") in the aggregate amount of $100,000, with interest at the rate of 10% per a
Filing Documents
- form8-k.htm (8-K) — 38KB
- ex10-1.htm (EX-10.1) — 42KB
- ex10-2.htm (EX-10.2) — 33KB
- ex10-3.htm (EX-10.3) — 33KB
- 0001493152-24-041138.txt ( ) — 334KB
- tlss-20241009.xsd (EX-101.SCH) — 3KB
- tlss-20241009_lab.xml (EX-101.LAB) — 33KB
- tlss-20241009_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: October 15, 2024 TRANSPORTATION AND LOGISTICS SYSTEMS, INC. By: /s/ Sebastian Giordano Name: Sebastian Giordano Title: Chief Executive Officer