Company: KAVL
Filing Date: 2025-08-04
Form Type: S-3/A
Source: 0001731122-25-001067
Chunk: 3

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-08-04
Form: S-3/A
Chunk 3
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 the sale of our securities with respect to which this prospectus is being delivered, the
names of such underwriters or agents and any applicable fees, commissions or discounts and over-allotment options will be set forth in
a prospectus supplement. The price to the public of such securities and the net proceeds that we expect to receive from such sale will
also be set forth in a prospectus supplement.

Pursuant to General Instruction I.B.6 of Form
S-3, in no event will we sell our securities in public primary offerings with a value exceeding more than one-third of our public float
in any 12-month period so long as our public float remains below $75.0 million. As of August 4, 2025, the aggregate market value of our
outstanding common stock held by non-affiliates, or public float, was approximately $3,818,688 based on 5,616,544 shares of our outstanding
common stock that were held by non-affiliates on such date and a price of $0.6799 per share, which was the price at which our common
stock was last sold on the Nasdaq Capital Market on July 14, 2025 calculated in accordance with General Instruction I.B.6 of Form S-3.
We have not offered any securities pursuant to General Instruction I.B.6 of Form S-3 during the twelve-month period that ends on and
includes the date hereof. Our common stock is listed on The Nasdaq Capital Market under the symbol “KAVL.”

On August 1, 2025,
the last reported sale price of our common stock was $0.4842 per share. The applicable prospectus supplement will contain information,
where applicable, as to any other listing, if any, on The Nasdaq Capital Market or any securities market or other securities exchange
of the securities covered by the prospectus supplement. Prospective purchasers of our securities are urged to obtain current information
as to the market prices of our securities, where applicable.

Investing in our securities involves a high degree of risk. Before deciding whether to invest in our securities, you should consider carefully the risks that we have described on page 12 of this prospectus under the caption “Risk Factors” and the risk factors in our most recent Annual Report on Form 10-K, which is incorporated by reference herein, as well as in any other recently filed quarterly or current reports. We may include specific risk factors in supplements to this prospectus under