Summary by Moomoo AI
Kaival Brands Innovations Group, Inc. has formally requested the U.S. Securities and Exchange Commission (SEC) to accelerate the effectiveness of its Registration Statement on Form S-1. The request, directed to Ms. Rucha Pandit of the SEC's Division of Corporation Finance, Office of Trade & Services, was made pursuant to Rule 461 under the Securities Act of 1933. Kaival Brands is seeking to have the Registration Statement declared effective at 9:00 a.m. EST on June 14, 2024, or as soon as possible thereafter. The company's CEO, Nirajkumar Patel, signed the request, which was submitted via EDGAR on June 11, 2024. Additionally, the SEC will receive a separate letter from the placement agent's representative, joining in the company's request for acceleration. The company has asked to be informed immediately once the Registration Statement is declared effective.
