Company: KAVL
Filing Date: 2025-06-16
Form Type: S-3
Source: 0001731122-25-000885
Chunk: 28

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-06-16
Form: S-3
Chunk 28
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, on which the securities will be
listed.

<div align='center'>13</div>

We may sell from time to time common stock, preferred
stock, debt securities, warrants to purchase any such securities or any combination of the foregoing.

In this prospectus, we refer to the common stock,
preferred stock, debt securities and warrants to be sold by us collectively as “securities.”

If we issue debt securities at a discount from their
original stated principal amount, then we will use the issue price, and not the principal amount, of such debt securities for purposes
of calculating the total dollar amount of all securities issued under this prospectus.

This prospectus may not be used to consummate a sale
of securities unless it is accompanied by a prospectus supplement.

<div align='center'>DESCRIPTION OF COMMON STOCK</div>

General

We are authorized to issue up to 1,000,000,000 shares
of common stock, par value $0.001 per share, with 11,542,302 shares issued and outstanding as of June 16, 2025.

Each share of our common stock has the same relative
rights and is identical in all respects with each other share of common stock.

The holders of our common stock are entitled to the
following rights:

Voting Rights

Each share of our common stock entitles its holder
to one vote per share on all matters to be voted or consented upon by the stockholders. Holders of our common stock are not entitled to
cumulative voting rights with respect to the election of directors.

Election of Directors

The holders of our common stock, voting as a separate
class, shall be entitled to elect one member of our Board of Directors.

Dividend Rights

Subject to limitations under Delaware law and preferences
that may apply to any shares of preferred stock that we may decide to issue in the future, holders of our common stock are entitled to
receive ratably such dividends or other distributions, if any, as may be declared by our Board out of funds legally available therefor.

Liquidation Rights

In the event of the liquidation, dissolution or winding
up of our business, the holders of our common stock are entitled to share ratably in the assets available for distribution after the payment
of all of our debts and other liabilities, subject to the prior rights of the holders of our preferred stock.

Other Rights

The holders of our common stock have no subscription,
redemption or conversion privileges. Our common stock does not entitle