Current Report Filing (8-k)
March 26 2020 - 1:42PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of Earliest Event Reported): March 24, 2020
Transportation
and Logistics Systems, Inc.
(Exact
name of registrant as specified in its charter)
Nevada
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001-34970
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26-3106763
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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2833
Exchange Court, Suite A
West
Palm Beach, Florida 33409
(Address
of Principal Executive Offices)
(561)
672-7068
(Issuer’s
telephone number)
PetroTerra
Corp.
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant
under any of the following provisions:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common
Stock, par value $0.001
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TLSS
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OTC
US
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
In
light of the circumstances and uncertainty surrounding the effects of the COVID-19 coronavirus pandemic on the business, employees,
consultants and service providers of Transportation and Logistics Systems, Inc., a Nevada corporation (the “Company”),
the Company’s board of directors and management has determined that it will delay the filing of its annual report on Form
10-K for the year ended December 31, 2019 (the “Annual Report”) by up to 45 days in accordance with the SEC’s
March 4, 2020 Order (Release No. 34-88318) (the “Order”), which allows for the delay of certain filings required under
the Securities and Exchange Act of 1934, as amended. The Company’s operations and business have experienced disruption due
to the unprecedented conditions surrounding the COVID-19 pandemic spreading throughout the United States and the world and thus
the Company’s business operations have been disrupted and it is unable to timely review and prepare the Company’s
financial statements for the 2019 fiscal year. As such, the Company will be making use of the 45-day grace period provided by
the SEC’s Order to delay filing of its Annual Report. The Company plans to file its Annual Report by no later than May 14,
2020, 45 days after the original due date of its Annual Report.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated:
March 26, 2020
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Transportation and Logistics Systems, Inc.
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By:
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/s/
John Mercadante
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Name:
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John
Mercadante
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Title:
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Chief
Executive Officer
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