Kaival Brands Innovations Group, Inc. (Kaival Brands) has filed a Form S-1 registration statement with the Securities and Exchange Commission (SEC) on May 1, 2024, for a proposed public offering of its securities. The offering includes units consisting of common stock or pre-funded warrants to purchase common stock, and common warrants to purchase additional shares of common stock. The registration statement also covers shares of common stock underlying the pre-funded warrants and common warrants. The offering is on a best-efforts basis with no minimum proceeds requirement for closing. Kaival Brands has engaged Maxim Group LLC as the exclusive placement agent for the offering. The placement agent will use its best efforts to solicit offers but is not obligated to...Show More

Kaival Brands Innovations Group, Inc. (Kaival Brands) has filed a Form S-1 registration statement with the Securities and Exchange Commission (SEC) on May 1, 2024, for a proposed public offering of its securities. The offering includes units consisting of common stock or pre-funded warrants to purchase common stock, and common warrants to purchase additional shares of common stock. The registration statement also covers shares of common stock underlying the pre-funded warrants and common warrants. The offering is on a best-efforts basis with no minimum proceeds requirement for closing. Kaival Brands has engaged Maxim Group LLC as the exclusive placement agent for the offering. The placement agent will use its best efforts to solicit offers but is not obligated to purchase any specific number or dollar amount of securities. The offering price per unit and the exercise price of the common warrants are based on the closing price of Kaival Brands' common stock on the Nasdaq Stock Market LLC on a date prior to the offering. The company intends to use the net proceeds for general corporate purposes, working capital, and to fund ongoing operations and expansion. The securities offered have not been approved or disapproved by the SEC or any state securities commission, nor has the SEC or any state securities commission passed upon the accuracy or adequacy of the prospectus.