Summary by Futu AI
Kaival Brands Innovations Group, Inc. has formally withdrawn its request to accelerate the effective date of its Registration Statement on Form S-1, initially filed with the U.S. Securities and Exchange Commission (SEC). The company had previously sought to expedite the process with a letter dated May 23, 2024, aiming for an effective date of May 29, 2024. However, the latest correspondence indicates that the company no longer seeks to have the Registration Statement declared effective at this time. The withdrawal of the acceleration request was communicated to the SEC via a letter addressed to Ms. Rucha Pandit of the Division of Corporation Finance, Office of Trade & Services. The letter was signed by Nirajkumar Patel, Chief Executive Officer of Kaival Brands Innovations Group, Inc.