ILUS International Acquires Controlling Stake in Samsara Luggage, Inc.
January 10, 2024
ILUS International Inc. acquired a controlling 91.5% interest in Samsara Luggage, Inc. by purchasing and converting a $600,684.93 convertible note held by YAII PN, LTD into common stock. ILUS will repurpose Samsara from a luggage manufacturer/distributor into a special purpose vehicle for its Emergency Response Technologies subsidiary and will merge ILUS's emergency-response businesses into Samsara to support planned expansion and future acquisitions in the emergency vehicle market.
- Buyers
- ILUS International Inc.
- Targets
- Samsara Luggage, Inc.
- Sellers
- YAII PN, LTD
- Industry
- Manufacturing
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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