Transportation and Logistics Systems completed the acquisition of Patriot Glass Solutions (PGS) via a reverse triangular merger effective November 1, 2026. The company exchanged 47,500 shares of Series J Senior Convertible Preferred Stock for an 80% membership interest in PGS and four nanotechnology patents. Additionally, it issued 3,518 preferred shares to settle $226,000 in secured promissory notes and expense advances. Michael Wanke retained a 20% stake and was appointed CEO under a three-year employment agreement. The transaction ended the company's shell status.
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