Company: KAVL
Filing Date: 2025-06-16
Form Type: S-3
Source: 0001731122-25-000885
Chunk: 24

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-06-16
Form: S-3
Chunk 24
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 Delaware. Effective July 12, 2019, we changed our corporate name from Quick Start Holdings, Inc. to Kaival Brands Innovations
Group, Inc. The name change was affected through a parent-subsidiary short-form merger of Kaival Brands Innovations Group, Inc., our wholly-owned
Delaware subsidiary formed solely for the purpose of the name change, with and into us. We were the surviving entity.

Implications of Being an Emerging Growth Company

We are an “emerging growth company,” as
defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). We will remain an emerging growth company
until the earlier of (i) the last day of the fiscal year following the fifth anniversary of the date of the first sale of our common stock
pursuant to an effective registration statement under the Securities Act; (ii) the last day of the fiscal year in which we have total
annual gross revenues of $1.235 billion or more; (iii) the date on which we have issued more than $1 billion in nonconvertible debt during
the previous three years; or (iv) the date on which we are deemed to be a large accelerated filer under applicable SEC rules. We expect
that we will remain an emerging growth company for the foreseeable future but cannot retain our emerging growth company status indefinitely
and will no longer qualify as an emerging growth company on or before the last day of the fiscal year following the fifth anniversary
of the date of the first sale of our common stock pursuant to an effective registration statement under the Securities Act. For so long
as we remain an emerging growth company, we are permitted and intend to rely on exemptions from specified disclosure requirements that
are applicable to other public companies that are not emerging growth companies.

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These exemptions include:

| ● | being                                                                                                                                    
 permitted to provide only two years of audited financial statements, in addition to any required unaudited interim financial statements, 
 with correspondingly reduced “Management’s Discussion and Analysis of Financial Condition and Results of Operations”                     
 disclosure;                                                                                                                              |

| ● | not                                                                                                                     
 being required to comply with the requirement of auditor attestation of our internal controls over financial reporting; |

| ● | not                                                                                                                                    
 being required to comply with any requirement that may be adopted by the Public Company Accounting Oversight Board regarding mandatory 
 audit firm rotation or a supplement to the auditor’s report providing additional information about the audit and the financial