Bidi Vapor, LLC, a director and 10% owner of Kaival Brands Innovations, has filed an Initial Statement of Beneficial Ownership of Securities with the SEC, disclosing the beneficial ownership of 1,400,144 shares of common stock. This ownership stake is a direct result of a Debt Exchange Agreement dated October 25, 2024, where Bidi Vapor exchanged $1,275,000 of debt owed by Kaival Brands for the shares at a price per share of $0.91062. The filing, completed on November 1, 2024, is in accordance with Section 16(a) of the Securities Exchange Act of 1934.

Bidi Vapor, LLC, a director and 10% owner of Kaival Brands Innovations, has filed an Initial Statement of Beneficial Ownership of Securities with the SEC, disclosing the beneficial ownership of 1,400,144 shares of common stock. This ownership stake is a direct result of a Debt Exchange Agreement dated October 25, 2024, where Bidi Vapor exchanged $1,275,000 of debt owed by Kaival Brands for the shares at a price per share of $0.91062. The filing, completed on November 1, 2024, is in accordance with Section 16(a) of the Securities Exchange Act of 1934.