# Transportation & Logistics Systems, Inc. (TLSS) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_2a579bd9427d44b037ec · retrieved 2026-08-11T16:11:57.512Z

## Overview
Transportation and Logistics Systems, Inc. is a transportation services company engaged in logistics operations.

Transportation and Logistics Systems, Inc. entered into an amended and restated unsecured non-convertible promissory note on July 16, 2026, with C/M Capital Master Fund, LP in the principal amount of $50,000, bearing interest at 10% per annum and maturing on September 30, 2026. This note amends and restates a prior note issued on August 25, 2025 in the same principal amount. The proceeds are designated for SEC and OTC filings, tax compliance activities, transfer agent costs, and routine litigation fees. The note is unsecured, non-convertible, and in parity with other outstanding notes to the same lender totaling $150,000 in aggregate.

## Terms
- Counterparty: C/M Capital Master Fund, LP · Deal value: $50,000 · Consideration: cash

## Key dates
- Announced 2026-07-21 · Expiry 2026-09-30

## Timeline
- 2026-07-21 · 8-K (0001493152-26-034098): 8-K - Transportation & Logistics Systems, Inc. — *Transportation and Logistics Systems, Inc. is a transportation services company engaged in logistics operations.* Transportation and Logistics Systems, Inc. entered into an amended and restated unsecured non-convertible promissory note on July 16, 2026, with C/M Capital Master Fund, LP in the principal amount of $50,000, bearing interest at 10% per annum and maturing on September 30, 2026. This note amends and restates a prior note issued on August 25, 2025 in the same principal amount. The proceeds are designated for SEC and OTC filings, tax compliance activities, transfer agent costs, and routine litigation fees. The note is unsecured, non-convertible, and in parity with other outstanding notes to the same lender totaling $150,000 in aggregate.
  https://www.sec.gov/Archives/edgar/data/1463208/0001493152-26-034098.txt

## Citations
- 0001493152-26-034098 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226034098