Company: KAVL
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001731122-25-001141
Chunk: 14

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 14
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 in any future financing may dilute an investor’s equity ownership and have the effect of
depressing the market price for our securities. Moreover, we may issue derivative securities, including options and/or warrants, from
time to time, to procure qualified personnel or for other business reasons. The issuance of any such derivative securities, which is at
the discretion of our Board of Directors, may further dilute the equity ownership of our stockholders.

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We may sell shares or other securities in any other
offering at a price per share that is less than the price per share paid by investors in this offering, and investors purchasing shares
or other securities in the future could have rights superior to existing stockholders. The price per share at which we sell additional
shares of our common stock, or securities convertible or exchangeable into common stock, in future transactions may be higher or lower
than the price per share paid by investors in this offering. No assurance can be given as to our ability to procure additional financing,
if required, and on terms deemed favorable to us. To the extent additional capital is required and cannot be raised successfully, we may
then have to limit our then current operations and/or may have to curtail certain, if not all, of our business objectives and plans.

We have additional securities available for issuance, which, if issued, could adversely affect the rights of the holders of our common stock.

In certain circumstances, shares of our common stock
and preferred stock, as well as the awards available for issuance under our equity incentive plans, can be issued by our Board of Directors,
without stockholder approval. Any future issuances of such stock would further dilute the percentage ownership of us held by holders of
our common stock and preferred stock. In addition, the issuance of certain securities, including pursuant to the terms of our stockholder
rights plan, may be used as an “anti-takeover” device without further action on the part of our stockholders, and may adversely
affect the holders of the common stock.

Our share price may be volatile.

The market price of our common stock has fluctuated
in the past. Such volatility resulted in rapid and substantial increases and decreases in our stock price that may or may not be related
to our operating performance or prospects. Consequently, the current market price of our common stock may not be indicative of future
market prices, and we may be unable to sustain or increase the value of an investment in our common stock.