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.
凱瓦爾品牌創新集團有限公司（納斯達克股票代碼：KAVL）股價週一走高，此前該公司與物流和資產管理公司達美控股有限公司簽訂了合併和股票交換協議。
What Happened: Under the agreement, Kaival Brands and Delta will become subsidiaries of a holding company incorporated in the Cayman Islands named Pubco.
發生了什麼：根據該協議，Kaival Brands和Delta將成爲在開曼群島註冊成立的一家名爲Pubco的控股公司的子公司。
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.
達美的股東將成爲Pubco的大股東。這家新公司將在納斯達克上市，將由達美管理團隊領導。
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."
凱瓦爾品牌臨時首席執行官馬克·索恩斯表示：「這筆交易標誌着凱瓦爾品牌開啓了激動人心的新篇章。達美靈活的輕資產商業模式使合併後的公司能夠利用能源和原材料市場的高增長領域，併爲我們的股東提供難得的機會。」
The companies anticipate that the transaction will close during the 2024 fourth quarter. The deal is still pending shareholder approval.
兩家公司預計，該交易將在2024年第四季度完成。該交易仍在等待股東批准。
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相關鏈接：Benzinga牛熊：蘋果、Palantir、沃爾瑪、家得寶——一位分析師預測狗狗幣將在2025年跑贏比特幣
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價格走勢：根據Benzinga Pro的數據，在撰寫本文時，凱瓦爾品牌的股價上漲138.3％，至1.38美元。
Image: 8701393 from Pixabay.
圖片：來自Pixabay的8701393。
