secwatch.observer — SEC 8-K summary
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Issuer:     Samsara Luggage, Inc. (—)
CIK:        0001530163
Form:       8-K/A
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001213900-24-039539
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 9.01, 5.01
LLM model:  deepseek-v4-flash:cloud@v2

Samsara Luggage acquires seven emergency-response companies from majority owner ILUS for Series B shares
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- Acquired Firebug, Georgia Fire & Rescue, Bright Concept, Bull Head Products, E-Raptor, The Vehicle Converters, and AL Shola from ILUS.
- Consideration: 350,000 restricted Series B shares; ILUS voting stake rises from 71.1% to 89.1%.
- Pro forma combined 2023 revenue: $6.95M; net loss: $970k (Samsara standalone revenue was $361k).
- Related-party transaction; no customary representations or warranties from either party.
- Additional milestone payments possible if performance targets (Exhibit B) are met; audited pro forma financials provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530163/000121390024039539/0001213900-24-039539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530163/000121390024039539/ea0205242-8ka1_samsara.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-039539

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer