---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-017265"
form_type: "8-K"
ticker: null
cik: "0001496383"
company_name: "Ilustrato Pictures International Inc."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T11:34:49.794273+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ilustrato Pictures transfers seven ERT companies to 71.1%-owned Samsara Luggage for stock and milestone payments

## Summary
- Sold 100% equity in Firebug, Georgia Fire, BCD Fire, Bull Head, E-Raptor, TVC, and 51% of ASSS to Samsara Luggage.
- Consideration: 350,000 Series B shares of SAML (350M common shares) plus up to $10M in cash or stock if revenue targets met.
- Milestone payments: $5M for FY2024 revenue ≥$20M; $5M for FY2025 revenue ≥$32M; paid proportionally.
- ILUS now holds 89.1% voting rights in SAML, up from 71.1% after the related-party transaction.
- No customary representations or warranties were exchanged due to related-party nature.

## SEC filing metadata
- accession: 0001213900-24-017265
- form_type: 8-K
- cik: 0001496383
- company_name: Ilustrato Pictures International Inc.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1496383/000121390024017265/0001213900-24-017265-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1496383/000121390024017265/ea0200598-8k_ilustrato.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-017265
- JSON: https://secwatch.observer/filing/0001213900-24-017265.json
- Plain text: https://secwatch.observer/filing/0001213900-24-017265.txt

## Key facts
- Material Agreements
  Ilustrato Pictures International Inc. entered into Stock Purchase Agreement with Samsara Luggage Inc. (effective 2024-02-23).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Samsara Luggage Inc.
  - Effective: 2024-02-23
  source text: On February 23, 2024, Ilustrato Pictures International, Inc., a Nevada corporation (the “Company”) entered into a Stock Purchase Agreement (the “SPA”) with Samsara Luggage Inc., a Nevada corporation which is owned 71.1% by the Company (“SAML”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1496383/000121390024017265/0001213900-24-017265-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.