Kaival Brands Innovations Group, Inc. (Kaival Brands) has filed an amendment to its FORM S-1/A registration statement with the Securities and Exchange Commission (SEC) on June 13, 2024. The filing pertains to the offering of up to 3,012,048 units, each consisting of one share of common stock and one and one-half common warrants to purchase additional shares. The offering also includes up to 3,012,048 pre-funded units, each consisting of one pre-funded warrant to purchase one share of common stock and one and one-half common warrants. The units and pre-funded units are immediately separable and will be issued separately. Kaival Brands has engaged Maxim Group LLC as the exclusive placement agent on a best efforts basis. The offering is...Show More

Kaival Brands Innovations Group, Inc. (Kaival Brands) has filed an amendment to its FORM S-1/A registration statement with the Securities and Exchange Commission (SEC) on June 13, 2024. The filing pertains to the offering of up to 3,012,048 units, each consisting of one share of common stock and one and one-half common warrants to purchase additional shares. The offering also includes up to 3,012,048 pre-funded units, each consisting of one pre-funded warrant to purchase one share of common stock and one and one-half common warrants. The units and pre-funded units are immediately separable and will be issued separately. Kaival Brands has engaged Maxim Group LLC as the exclusive placement agent on a best efforts basis. The offering is expected to raise gross proceeds of up to $5,000,000 before deducting placement agent fees and offering expenses. The company intends to use the net proceeds for general corporate purposes, working capital, and to fund ongoing operations and expansion. The common stock is listed on the Nasdaq Stock Market under the symbol 'KAVL'. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed.