Delta Corp Holdings Limited Advances Business Combination With Kaival Brands Innovations Group, Inc. With Confidential Submission of Draft Registration Statement With the Securities and Exchange Commission

Core Points - Kaival Brands Innovations Group, Inc. and Delta Corp Holdings Limited announced a merger agreement to create a new publicly listed holding company [2] - The merger will result in Kaival and Delta becoming wholly owned subsidiaries of the newly formed company, referred to as Pubco [2] - A draft registration statement has been submitted to the SEC for the proposed business combination [1][4] Company Overview - Kaival is the exclusive U.S. distributor of the Bidi® Stick and other products manufactured by Bidi Vapor, LLC [1] - Delta is a privately held holding company engaged in bulk and energy logistics, fuel supply, commodities, and asset management [1] Merger Details - The merger agreement includes conditions such as approval from Kaival's stockholders and Nasdaq's approval for listing Pubco's ordinary shares [2] - The Registration Statement submitted to the SEC includes a preliminary prospectus and proxy statement for Kaival's stockholders [4] - The definitive proxy statement/prospectus will be mailed to Kaival's stockholders once the Registration Statement is declared effective by the SEC [4] Participants in the Solicitation - Kaival's directors, executive officers, and certain management members may be deemed participants in the proxy solicitation related to the merger [5] - Information regarding Kaival's directors and executive officers, including their share ownership, is available in the company's Annual Report [5]