What's Going On With Kaival Brands Stock Monday?
What's Going On With Kaival Brands Stock Monday?
Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) stock is moving higher on Monday after the company and Delta Corp Holdings Limited, a logistics and asset management company, entered a merger and share exchange agreement.
Kaival品牌创新集团公司（纳斯达克：KAVL）股价周一上涨，此前公司与物流和资产管理公司Delta Corp Holdings Limited签署了一项合并和股份交易协议。
What Happened: Under the agreement, Kaival Brands and Delta will become subsidiaries of a holding company incorporated in the Cayman Islands named Pubco.
发生了什么：根据协议，Kaival品牌和Delta将成为总部设在开曼群岛的Pubco公司的子公司。
Delta shareholders will become the majority shareholders of Pubco. The new company will trade on the Nasdaq and it will be led by the Delta management team.
Delta股东将成为Pubco公司的大多数股东。新公司将在纳斯达克上市，并由Delta管理团队领导。
Mark Thoenes, Interim CEO of Kaival Brands, stated, "This transaction marks an exciting new chapter for Kaival Brands. Delta's flexible, asset-light business model positions the combined Company to capitalize on high growth areas within the energy and raw materials markets and offers our shareholders a unique opportunity."
Kaival品牌临时CEO马克·索恩斯表示：“这笔交易标志着Kaival品牌的一个新的激动人心的篇章。Delta灵活、轻资产的商业模式使合并公司能够在能源和原材料市场的高增长领域把握机会，并为我们的股东提供了独特的机会。”
The companies anticipate that the transaction will close during the 2024 fourth quarter. The deal is still pending shareholder approval.
公司预计该交易将在2024年第四季度完成。该交易仍在等待股东批准。
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KAVL Price Action: At the time of writing, Kaival Brands stock is moving 138.3% higher at $1.38, according to data from Benzinga Pro.
KAVL股价表现：截至撰写本文时，Kaival品牌股价上涨了138.3%，报价1.38美元，数据来源于Benzinga Pro。
Image: 8701393 from Pixabay.
图片：来自Pixabay的8701393。