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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