Company: KAVL
Filing Date: 2025-08-04
Form Type: S-3/A
Source: 0001731122-25-001067
Chunk: 29

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-08-04
Form: S-3/A
Chunk 29
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 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 its holders to preemptive rights. All of the outstanding shares
of our common stock are fully paid and non-assessable. The rights, preferences and privileges of the holders of our common stock are subject
to the rights of the holders of shares of any series of preferred stock which we may issue in the future.

<div align='center'>14</div>

Section 203 of the Delaware General Corporation Law

We are subject to the provisions of Section 203 of
the DGCL regulating corporate takeovers. This statute prevents certain Delaware corporations, under certain circumstances, from engaging
in a “business combination” with:

| ● | a                                                                                                                  
 stockholder who owns 15% or more of our outstanding voting stock (otherwise known as an “interested stockholder”); |

| ● | an                                         
 affiliate of an interested stockholder; or |

| ● | an                                                                                                                                
 associate of an interested stockholder, for three years following the date that the stockholder became an interested stockholder. |

A “business combination” includes a merger
or sale of more than 10% of our assets. However, the above provisions of Section 203 do not apply if:

| ● | our board of directors approves the transaction that made the stockholder an “interested stockholder,” prior to the date of the transaction; or |

| ● | after the completion of the transaction that resulted in the stockholder becoming an interested stockholder, that stockholder owned at least 85% of our voting stock outstanding at the time the transaction commenced, other than statutorily excluded shares of common stock. |

Transfer Agent and Registrar

The transfer agent and registrar for our common stock
is vStock LLC. The warrant agent for the common warrants and the pre-funded warrants will be vStock Transfer, LLC.

Listing

Our common stock is listed on the Nasdaq Capital Market
under the symbol “KAVL”.

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

This section describes the general terms and provisions
of the preferred stock that we may offer by this prospectus. The prospectus supplement will describe the specific terms of the series
of the preferred stock offered through that prospectus supplement. Those terms may differ from the terms discussed below. Any series of
preferred stock that we issue will be governed by our certificate of