Summary by Moomoo AI
Kaival Brands Innovations Group, Inc. has formally withdrawn its request to accelerate the effective date of its Registration Statement on Form S-1, initially filed with the U.S. Securities and Exchange Commission (SEC). The company had previously sought to expedite the process with a requested effective date of June 14, 2024, at 9:00 a.m. Eastern Standard Time. However, in a recent correspondence with the SEC, Kaival Brands CEO Nirajkumar Patel indicated the company is no longer pursuing this accelerated timeline. The initial request for acceleration was made in accordance with Rule 461 under the Securities Act of 1933, as amended. The withdrawal of this request means that the Registration Statement will not become effective on the previously requested date.
