Developments on the merger front: New York-based Samsara Luggage announced Thursday its intention to merge with publicly-traded Darkstar Ventures Inc. (OTC:DAVC). The non-binding letter of intent follows successful product and equity crowdfunding campaigns on Samsara’s part, in addition to generating significant sales.
Says Darkstar CEO Avraham Bengio, "We are proud to consolidate Samsara Luggage technology and products into our public company and are convinced this is a win-win merger that will provide Samsara the means to become a global market leader in the field of smart travel tech.
"DAVC also intends to promote a process of reverse stock split and continues in parallel its regular business activities."
Samsara boasts that it is the only smart luggage company which meets new airline regulations, featuring ergonomic design with a flat top surface that functions as a mobile desk for laptops, security alerts to the traveler's mobile phone if the suitcase is getting away or opened, USB-C compatible power bank to recharge laptops and mobile devices.
DAVC shares took off for the sky, gaining 11.8%, to 38-100ths of a cent, on volume of 36.8 million shares.
