• Transportation and Logistics Systems amended its agreement to acquire an 80% stake in Patriot Glass Solutions, extending the transaction timeline.
• Deal consideration set at USD 4.75 million, payable in 47,500 shares of Series J Senior Convertible Preferred Stock with a USD 100 stated value.
• Target closing pushed to no later than July 1, 2026; key diligence and financial statement deliveries reset to June 15, 2026.
• Transaction includes transfer of four nanotechnology patents tied to C-Bond glass-strengthening applications.
• PGS manager Michael Wanke will retain 20%; closing requires an employment agreement between Wanke and PGS.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Transportation and Logistics Systems Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-027426), on June 05, 2026, and is solely responsible for the information contained therein.