Summary by Futu AI
Kaival Brands Innovations Group, Inc. has formally requested the U.S. Securities and Exchange Commission (SEC) to accelerate the effectiveness of its Registration Statement on Form S-1. The request, submitted via a letter dated May 29, 2024, and addressed to Ms. Rucha Pandit at the SEC's Division of Corporation Finance, seeks to have the Registration Statement declared effective at 9:00 a.m. EST on May 31, 2024, or as soon as possible thereafter. The company's CEO, Nirajkumar Patel, signed the letter, indicating the company's readiness for the next steps in the registration process. Additionally, the SEC will receive a separate letter from the placement agent's representative supporting the acceleration request.