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Samsara Luggage is a global smart luggage and
lifestyle brand that incorporates innovative design and functional technology into its smart travel products. The Company launched the
first product from the Tag Smart collection of smart suitcases in April 2022, as travel resumed to pre-COVID levels. This collection is
equipped with Apple AirTag technology, allowing travelers to track their suitcase using the iPhone’s Find My app. Lost luggage became
a prominent issue for global travelers during the Summer 2022 travel season. The Tag Smart suitcase offered travelers precise tracking
of their suitcase along with immediate information regarding their luggage’s whereabouts. The Tag Smart collection is currently
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 Company launched Street Smart in February
2023. Street Smart is a curated collection of travel and lifestyle accessories that builds on the fashion element of travel. Included
in the collection are a selection of sunglasses, tote bag, stylish ballcaps and a stand-alone portable battery for electronic devices.
Street Smart compliments Samsara Luggage’s aesthetic and allows the brand to offer more travel-ready products at varying price points.
During the last quarter of 2020, Samsara launched Sarah
& Sam Fashion and Lifestyle Collection. Sarah & Sam is a part of Samsara Direct business model prompted by the travel limitations
due to the coronavirus pandemic, leveraging 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.
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. |