Company: KAVL
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001731122-25-001141
Chunk: 57

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 57
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 price, or how it will be calculated, and the conversion period; |

| ● | whether the preferred stock will be exchangeable into debt securities and, if applicable, the exchange price, or how it will be calculated, and the exchange period; |

| ● | voting rights, if any, of the preferred stock; |

| ● | preemptive rights, if any; |

| ● | restrictions on transfer, sale, or other assignment, if any; |

| ● | whether interests in the preferred stock will be represented by depositary shares; |

| ● | a discussion of any material or special U.S. federal income tax considerations applicable to the preferred stock;                                                                                                                                                                                                                                                               |
| ● | the relative ranking and preferences of the preferred stock as to dividend rights and rights if we liquidate, dissolve or wind up our affairs; any limitations on issuance of any class or series of preferred stock ranking senior to or on a parity with the series of preferred stock as to dividend rights and rights if we liquidate, dissolve or wind up our affairs; and |

| ● | any other specific terms, preferences, rights, or limitations of, or restrictions on, the preferred stock. |

<div align='center'>17</div>

When we issue shares of preferred stock under this
prospectus, the shares, when issued in accordance with the terms of the applicable agreement, will be validity issued, fully paid and
non-assessable and will not have, or be subject to, any preemptive or similar rights.

Section 242 of DGCL provides that the holders of each
class or series of stock will have the right to vote separately as a class on certain amendments to our certificate of incorporation,
as amended, that would affect the class or series of preferred stock, as applicable. This right is in addition to any voting rights that
may be provided for in the applicable certificate of designation.

<div align='center'>DESCRIPTION OF WARRANTS</div>

General

As of the date of this prospectus, we have issued and outstanding warrants
to purchase approximately 5,754,686 shares of our common stock with a weighted average exercise price per share of $3.45 were outstanding.

We may offer by means of this prospectus warrants
for the purchase of our common stock or preferred stock. We may issue warrants separately or together with any other securities offered
by means of this prospectus, and the warrants may be attached to or separate from such securities. Each series of warrants will be issued
under a separate warrant agreement to