Transportation and Logistics Systems ( (TLSS) ) has released a notification of late filing.
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Transportation and Logistics Systems, Inc. has filed a Form 12b-25 indicating a delay in submitting their Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to the company ceasing all revenue-generating operations in February 2024, leading to insolvency and challenges in meeting reporting obligations. The company has secured financing to complete the audit and aims to file the report as soon as possible. Significant changes in financial results are expected due to the cessation of operations, but no reasonable estimate can be provided at this time. The company is actively working on compliance, with the notification signed by CEO Sebastian Giordano.
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Current Market Cap: $588.9K
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