TLSS extends Patriot Glass Solutions deal deadline to Oct. 1, 2026

TLSS•2026-09-23

Deal deadline extended

Transportation and Logistics Systems extended its planned acquisition of an 80% stake in Patriot Glass Solutions, including four nanotechnology patents.

Closing deadline moved to Oct. 1, 2026; due diligence deliverables and financial statement deadlines were extended to Sept. 25, 2026.
Deal consideration is set at $4.75 million, payable in 47,500 shares of Series J Senior Convertible Preferred Stock with a $100 stated value.
The transaction remains contingent on audited 2024 and 2025 PGS financials, interim 2026 financials, due diligence, and landlord consent.
PGS manager Michael Wanke will retain 20%; closing requires an employment agreement with PGS to be finalized before due diligence expires.

Sources

TLSS extends Patriot Glass Solutions deal deadline to Oct. 1, 2026

Sec

TLSS extends Patriot Glass Solutions deal deadline to Oct. 1, 2026

Deal deadline extended

Related News

FDA advisers back safety of Grail's cancer test, narrowly endorses efficacy

Mobile Infrastructure Corp Enters Fifth Amendment To Credit Agreement On Sept 22, 2026

Amphastar CFO William J. Peters sells 4,139 shares for $103,475

Sources

TLSS extends Patriot Glass Solutions deal deadline to Oct. 1, 2026

GMEX Robotics Corp To Effect 1-For-9 Share Consolidation Effective Sept 28, 2026

Nexstar Broadcasting President Andrew Alford sells 2,823 shares worth $467,737.87