Core Viewpoint - Kaival Brands Innovations Group, Inc. has successfully closed a public offering of 3,921,500 units at a price of $1.53 per unit, generating approximately $6.0 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering consisted of one share of common stock (or a pre-funded warrant) and one and one-half common warrants per unit, with an exercise price of $1.53 per share [1]. - The common warrants are immediately exercisable and will expire five years from the issuance date [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general corporate and working capital purposes, as well as to support ongoing operations and business expansion [2]. Group 3: Regulatory Information - A registration statement on Form S-1 related to the sale of these securities was declared effective by the SEC on June 21, 2024 [3]. - The offering was conducted solely through a prospectus, which has been filed with the SEC and is accessible on their website [3]. Group 4: Company Overview - Kaival Brands is based in Grant-Valkaria, Florida, and focuses on distributing electronic nicotine delivery systems (ENDS) for customers aged 21 and older [5]. - The company is the exclusive U.S. distributor for products manufactured by Bidi Vapor, LLC, which is committed to responsible marketing and sustainability [5]. - The BIDI® Stick is highlighted as a premium product distributed by Kaival Brands, designed for a consistent vaping experience [5].

About Kaival Brands Learn more about Kaival Brands at https://ir.kaivalbrands.com/overview/default.aspx. This press release and the statements of the Company's management and partners included herein and related to the subject matter herein includes statements that constitute "forward-looking statements" (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended), which are statements other than historical facts. You can identify ...

The Company intends to use the net proceeds from the Offering for general corporate and working capital purposes and to fund ongoing operations and expansion of its business. The closing of the Offering is expected to occur on or about June 24, 2024, subject to the satisfaction of customary closing conditions. Based in Grant-Valkaria, Florida, Kaival Brands is a company focused on incubating and commercializing innovative products into mature and dominant brands, with a current focus on the distribution of ...

GRANT-VALKARIA, Fla., June 21, 2024 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc., (NASDAQ: KAVL) ("Kaival Brands", the "Company"), the exclusive U.S. distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), today announced the pricing of a public offering of 3,921,500 units at a public offering price of $1.53 per unit (the "Offering"). Each unit consists of one share of common stock (or one pre-funded warrant to purchase one share of common stock in lieu thereof) and one and ...

As filed with the Securities and Exchange Commission on June 18, 2024 Registration No. 333-279045 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 5 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 KAIVAL BRANDS INNOVATIONS GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 5960 83-3492907 (State or other jurisdiction incorporation or of (Primary Standard Industrial (I.R.S. Employer organization) Classification Code Number) Ide ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ____________ Commission file number 000-56016 KAIVAL BRANDS INNOVATIONS GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 8 ...

Another thing to keep in mind is that KAVL is a penny stock. This comes from its market capitalization of just $14.459 million. That, combined with its low float, makes it a potential target for speculative traders. KAVL stock is up 286% as of Friday afternoon. On Penny Stocks and Low-Volume Stocks:With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That's because these "penny ...

As filed with the Securities and Exchange Commission on June 13, 2024 Registration No. 333-279045 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 4 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 KAIVAL BRANDS INNOVATIONS GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 5960 83-3492907 (State or other jurisdiction incorporation or (Name, address, including zip code, and telephone number, including area code, of agent for se ...

As filed with the Securities and Exchange Commission on May 29, 2024 Registration No. 333-279045 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No.3 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 KAIVAL BRANDS INNOVATIONS GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 5960 83-3492907 (State or other jurisdiction incorporation or of (Primary Standard Industrial (I.R.S. Employer organization) Classification Code Number) Ident ...

As filed with the Securities and Exchange Commission on May 20, 2024 Registration No. 333-279045 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) Amendment No.2 to FORM S-1 Delaware 5960 83-3492907 (State or other jurisdiction incorporation or of (Primary Standard Industrial (I.R.S. Employer organization) Classification Code Number) Identification Number) 4460 Old Dixie Highway Grant-Valkaria, Florida 32949 (833) 452-4825 (Address ...