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The Company was incorporated on May 7, 2007 under
the name, “Darkstar Ventures, Inc.” under the laws of the State of Nevada. The Company is a global smart luggage and lifestyle
brand that incorporates innovative design and functional technology into its smart travel products. After two years of travel restrictions
due to the coronavirus pandemic, Samsara Luggage put its focus back into the luggage category and launched the first product from the
Tag Smart collection of smart suitcases. The Tag Smart line was launched in April 2022 in conjunction with the lifting of travel restrictions.
This collection is equipped with Apple’s AirTag technology, allowing travelers to track their suitcases using the Find My app on
their iPhone. The tracking technology is designed to offer a solution to one of the most common pain points in travel – lost luggage.
The Tag Smart suitcases are available in two different sizes to accommodate both international and US domestic travel, The newest collection
comes in three colors in durable polycarbonate and two colors in a lightweight, aviation-grade aluminum material.
The Tag Smart collection was launched along with
a new line of coordinating travel accessories in varying sizes and colors. Travel accessories include a weekender bag, sling crossbody,
water bottle, oversized travel bag and more.
Samsara launched Sarah & Sam, a fashion
and lifestyle collection in the fourth quarter of the 2020 fiscal year. Sarah & Sam is a part of Samsara Direct, a new business
model initiated in response to the travel restrictions enforced due to the coronavirus pandemic. Samsara Direct leverages the
company's established digital assets and manufacturing and fulfillment supply chain capabilities to offer additional consumer products
that respond to the changing needs of the market. Sarah & Sam continues to operate and generate sales, alongside the recovery of luggage
sales, as travel volumes are back to pre-pandemic situation.
On November 12, 2019, the Company completed its
merger with the Delaware corporation that was previously known as “Samsara Luggage, Inc.” (“Samsara Delaware”)
in accordance with the terms of the Merger Agreement and Plan of Merger, dated as of May 10, 2019, (the “Merger Agreement”)
by and among the Company, Samsara Delaware, and Avraham Bengio, pursuant to which Samsara Delaware merged with and into the Company, with
the Company being the surviving corporation (the “Merger”). Following the completion of the Merger, the business of the Company
going forward became the business of Samsara Delaware prior to the Merger, namely, designing, manufacturing, and selling high quality
luggage products to meet the evolving needs of frequent travelers and also seeking to present new technologies within the aluminum luggage
industry, including an aluminum “smart” suitcase.
The Common Stock listed on the OTC Pink Marketplace,
previously trading through the close of business on November 11, 2019 under the ticker symbol “DAVC,” commenced trading on
the OTC Pink Marketplace under the ticker symbol “SAML” on November 12, 2019. The Common Stock has a new CUSIP number, 79589J101. |