SAML Provides Update on Disclosure Status and OTC Markets Listing
Samsara Luggage (OTC: SAML) has provided an update regarding its financial disclosure status and OTC Markets listing. The company is currently working to complete outstanding audited financials, with delays attributed to legacy accounting issues and multiple auditor changes over the past three years. Due to OTC Markets rules regarding multiple overdue filings, SAML may be temporarily moved to the OTC Expert Market.
The company is targeting submission of all outstanding filings before Q4 2025 and is considering filing a registration statement to uplist to a national exchange. Management emphasized that any potential move to the Expert Market would be temporary, as they work to restore full compliance and pursue their listing objectives.
Samsara Luggage (OTC: SAML) ha fornito un aggiornamento riguardo allo stato delle sue comunicazioni finanziarie e alla quotazione sui mercati OTC. L'azienda sta attualmente lavorando per completare i bilanci certificati mancanti, con ritardi attribuiti a problemi contabili pregressi e a diversi cambi di revisore negli ultimi tre anni. A causa delle regole di OTC Markets relative a più comunicazioni in ritardo, SAML potrebbe essere temporaneamente trasferita all'OTC Expert Market.
L'azienda puntualizza di voler presentare tutte le comunicazioni mancanti entro il quarto trimestre del 2025 e sta valutando la possibilità di presentare una dichiarazione di registrazione per passare a una borsa nazionale. La direzione ha sottolineato che qualsiasi possibile trasferimento all'Expert Market sarebbe temporaneo, mentre lavorano per ripristinare la piena conformità e perseguire i loro obiettivi di quotazione.
Samsara Luggage (OTC: SAML) ha proporcionado una actualización sobre el estado de sus divulgaciones financieras y su cotización en los mercados OTC. La compañía está trabajando para completar los estados financieros auditados pendientes, con retrasos atribuidos a problemas contables heredados y múltiples cambios de auditor en los últimos tres años. Debido a las reglas de OTC Markets sobre múltiples presentaciones atrasadas, SAML podría ser trasladada temporalmente al OTC Expert Market.
La empresa tiene como objetivo presentar todas las presentaciones pendientes antes del cuarto trimestre de 2025 y está considerando presentar una declaración de registro para ascender a una bolsa nacional. La dirección enfatizó que cualquier posible traslado al Expert Market sería temporal, mientras trabajan para restaurar el cumplimiento total y perseguir sus objetivos de cotización.
Samsara Luggage (OTC: SAML)가 재무 공시 상태 및 OTC 시장 상장에 관한 업데이트를 제공했습니다. 회사는 현재 미완성된 감사 재무제표를 완료하기 위해 작업 중이며, 지연 사유는 과거 회계 문제와 지난 3년간 여러 감사인 변경 때문입니다. OTC 시장의 다수의 연체 제출 규정에 따라 SAML은 일시적으로 OTC Expert Market으로 이동될 수 있습니다.
회사는 2025년 4분기 이전에 모든 미제출 서류를 제출하는 것을 목표로 하고, 국가 거래소로 상장 이전을 위한 등록 명세서 제출을 검토 중입니다. 경영진은 Expert Market으로의 이동이 임시적일 것임을 강조하며, 완전한 준수를 회복하고 상장 목표를 추구할 것이라고 밝혔습니다.
Samsara Luggage (OTC : SAML) a fourni une mise à jour concernant son statut de divulgation financière et sa cotation sur les marchés OTC. La société travaille actuellement à finaliser les états financiers audités en suspens, les retards étant attribués à des problèmes comptables hérités et à plusieurs changements d'auditeurs au cours des trois dernières années. En raison des règles d'OTC Markets concernant plusieurs dépôts en retard, SAML pourrait être temporairement déplacée vers l'OTC Expert Market.
La société vise à soumettre tous les dépôts en attente avant le quatrième trimestre 2025 et envisage de déposer une déclaration d'enregistrement pour monter en gamme vers une bourse nationale. La direction a souligné que tout déplacement potentiel vers l'Expert Market serait temporaire, alors qu'elle travaille à rétablir la conformité complète et à poursuivre ses objectifs de cotation.
Samsara Luggage (OTC: SAML) hat ein Update zum Status seiner Finanzberichterstattung und zur OTC Markets-Notierung gegeben. Das Unternehmen arbeitet derzeit daran, ausstehende geprüfte Abschlüsse fertigzustellen, wobei Verzögerungen auf frühere Buchhaltungsprobleme und mehrere Wechsel der Wirtschaftsprüfer in den letzten drei Jahren zurückzuführen sind. Aufgrund der OTC Markets-Regeln zu mehreren überfälligen Einreichungen könnte SAML vorübergehend in den OTC Expert Market verschoben werden.
Das Unternehmen strebt an, alle ausstehenden Einreichungen vor dem vierten Quartal 2025 einzureichen und erwägt die Einreichung einer Registrierungsunterlage, um an eine nationale Börse aufzusteigen. Das Management betonte, dass ein möglicher Wechsel zum Expert Market nur vorübergehend sei, während sie an der Wiederherstellung der vollständigen Compliance und der Verfolgung ihrer Notierungsziele arbeiten.
- Plans to uplist to a major national exchange to enhance capital raising capabilities
- Management actively working to complete all outstanding financial filings before Q4 2025
- Company has transitioned to a PCAOB-registered U.S.-based auditor, aligning with future listing ambitions
- Multiple overdue financial filings may result in temporary demotion to OTC Expert Market
- Company faced significant cash flow constraints during 2023-2024
- Changed auditors twice in three years, causing additional delays
- Legacy accounting and compliance issues requiring resolution
NEW YORK, NY, July 17, 2025 (GLOBE NEWSWIRE) -- Samsara Luggage Inc. (OTC: SAML), a publicly traded company focused on acquiring and growing businesses in the public safety sector, today issued an update regarding its financial disclosures and status on the OTC Markets platform.
SAML is currently in the process of completing its outstanding audited financials and disclosures. The delays stem primarily from accounting and compliance matters related to legacy issues predating current management, including historical SEC comments and the need to implement updated internal systems for more efficient reporting as SAML grows.
In the last three years, SAML has also changed auditors twice, first transitioning to an India-based audit firm and then again to a U.S.-based PCAOB-registered auditor, aligning with its future listing ambitions. This process, while essential, added further complexity and time to audit completion.
Additionally, SAML faced significant cash flow constraints during the 2023–2024 market downturn, which limited its ability to allocate resources aggressively toward finalizing its financials. Despite this, SAML has remained focused on strengthening its operational foundation and preparing for future growth.
Management stated:
“While SAML was effectively in a holding pattern throughout 2023 and much of 2024 due to capital constraints, the team has worked diligently behind the scenes to prepare for the next phase of growth. We believe now is the time to execute, particularly as market conditions and trade policy shifts begin to favor our business model. There is no strategic value in remaining on the OTC for the long term, and we’re fully focused on transitioning to a major exchange where we can properly raise capital and unlock shareholder value.”
SAML management is currently finalizing its audited financials and is targeting submission of all outstanding filings before the beginning of Q4. SAML is also considering filing a registration statement and applying to uplist to a national exchange either concurrently with or shortly after the disclosures are filed. This move is intended to support a robust acquisition pipeline and accelerate growth across its key subsidiaries.
SAML has been advised not to submit interim unaudited financials, but instead to file complete, audited financials with all necessary adjustments. However, OTC Markets rules prohibit having multiple overdue filings, which may result in SAML being temporarily moved to the OTC Expert Market until compliance is restored.
SAML affirms that, if such a move occurs, it will be temporary and is prepared to submit the appropriate forms to return to the main OTC tier as quickly as possible.
“We are working with urgency and determination to complete our filings, restore full compliance, and pursue our listing and capital objectives. We’re excited about what lies ahead and are fully committed to delivering value to our shareholders.”
For further information on SAML, please see its communication channels:
Website: https://ert-international.com
X: @ERT_ILUS
Email: info@ert-international.com
Source: SAML
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