Mergers & Acquisitions ·
Transportation and Logistics Systems, Inc. filed a Fourth Amendment to its acquisition agreement for Patriot Glass…
TLSSTransportation & Logistics Systems, Inc.
Transportation and Logistics Systems, Inc. filed a Fourth Amendment to its acquisition agreement for Patriot Glass Solutions, LLC (PGS), extending the outside closing date from September 16, 2026, to October 1, 2026. The amendment also extends due diligence and financial statement delivery deadlines to September 25, 2026. The transaction involves a reverse triangular merger where TLSS acquires an 80% interest in PGS and four nanotechnology patents for $4,750,000 payable in Series J Senior Convertible Preferred Stock. This acquisition supports the company's strategy to expand into safety and security technology through strategic growth initiatives.