Transportation and Logistics Systems Files Certificate of Designation

Transportation and Logistics Systems ( (TLSS) ) has issued an update.

On May 1, 2025, Transportation and Logistics Systems, Inc. entered into a $50,000 unsecured promissory note with C/M Capital Master Fund, LP to fund various corporate activities, including filing necessary documents and maintaining good standing with tax authorities. Additionally, the company extended the maturity date of a previous $50,000 promissory note issued on November 22, 2024, to August 12, 2025. On May 5, 2025, the company filed a Certificate of Designation with Nevada to designate 1,000,000 shares of Series J Senior Convertible Preferred Stock, establishing terms for dividends, voting rights, and conversion into common stock.

Spark’s Take on TLSS Stock

According to Spark, TipRanks’ AI Analyst, TLSS is a Underperform.

Transportation and Logistics Systems faces severe financial and operational challenges, as evidenced by consistent revenue declines, substantial net losses, and negative equity. The lack of technical analysis data contributes to uncertainty, while unfavorable valuation metrics further highlight the company’s struggles. These factors collectively result in a very low overall stock score, indicating significant risks for investors.

To see Spark’s full report on TLSS stock, click here.

More about Transportation and Logistics Systems

Transportation and Logistics Systems, Inc. operates in the transportation and logistics industry, focusing on providing logistics services and solutions. The company is involved in the preparation and filing of legal and financial documents, as well as maintaining compliance with regulatory authorities.

Current Market Cap: $1.18M

For a thorough assessment of TLSS stock, go to TipRanks’ Stock Analysis page.