---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-104148"
form_type: "8-K"
ticker: null
cik: "0001530163"
company_name: "Samsara Luggage, Inc."
filed_at: "2024-11-29T23:59:59+00:00"
generated_at: "2026-05-29T12:48:14.826449+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Samsara Luggage restates Q1-Q3 2024 financials; accounting error overstated Goodwill and Equity

## Summary
- Audit committee ruled Nov 27 that three 2024 Form 10-Qs are unreliable due to a common-control transaction recorded at fair value instead of book value.
- Error caused overstated Goodwill and Stockholders' Equity (Deficit) in quarterly filings ended March 31, June 30, and Sept 30, 2024.
- Company will file amended 10-Qs/A with restated unaudited financials and ASC 250 disclosures; auditor Bush & Associates will review.
- Samsara shares trade on OTC Pink under ticker SAML.

## SEC filing metadata
- accession: 0001213900-24-104148
- form_type: 8-K
- cik: 0001530163
- company_name: Samsara Luggage, Inc.
- filed_at: 2024-11-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530163/000121390024104148/0001213900-24-104148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530163/000121390024104148/ea0222254-8k_samsara.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-104148
- JSON: https://secwatch.observer/filing/0001213900-24-104148.json
- Plain text: https://secwatch.observer/filing/0001213900-24-104148.txt

## Key facts
- Auditor Changes
  Samsara Luggage, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: On November 27, 2024, the Audit Committee of Samsara Luggage Inc.’s board of directors determined that its Form 10-Q’s filed on May 31, 2024, August 21, 2024, and November 19, 2024, which included the unaudited consolidated financial statements for the three months ended March 31, 2024, and 2023, for the six months months ended June 30, 2024, and the nine months ended September 30, 2024, (collectively referred to as the “Form 10-Q’s”) could no longer be relied upon
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530163/000121390024104148/0001213900-24-104148-index.htm

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