Bankruptcy: Transportation & Logistics Systems, Inc.

Form Type: NT 10-K

Filing Date: 2025-03-31

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000164117225001776

Filing Summary: Transportation & Logistics Systems, Inc. has filed a notification of late filing regarding its Form 10-K for the period ended December 31, 2024. The registrant ceased all revenue generating operations in February 2024 and remains insolvent. Consequently, it has been unable to timely meet its annual and quarterly reporting obligations under the Securities Exchange Act of 1934. The company has secured financing that it believes will help complete the audit of its financial statements for the year ended December 31, 2024. They are currently working on finalizing the necessary financial statements and plan to file the report as soon as possible. Additionally, a significant change in operations is expected due to the cessation of revenue generating activities, but they cannot provide a reasonable estimate for the operating results for 2024 due to the ongoing financial difficulties.

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