Company: KAVL
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0001731122-25-000185
Chunk: 234

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 1A
Chunk 234
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-half Common
Warrants. Pursuant to the Purchase Agreement, the Common Units were sold at a purchase price of $1.53 per Unit and the Pre-funded Units
were sold at a purchase price of $1.529 per Unit. The sale of the Units to the Purchasers closed on June 24, 2024 (the “Closing
Date”). The Company also sold 396,500 Common Units to additional investors, who did not enter into the Purchase Agreement, under
the same terms sold to Purchasers. The sale of securities by the Company pursuant to the Purchase Agreement combined with the concurrent
sale of securities to additional investors is referred to herein as the “June 2024 Public Offering’. The aggregate gross proceeds
to the Company from the June 2024 Public Offering were approximately $5,997,720, before deducting
placement agent fees and expenses and other transaction costs of $744,993. Of the total gross
proceeds, $2,672,145 and $3,325,575 were allocated
to the common stock and the pre-funded warrants, respectively.

    F-21

See further Common Warrants and Pre-Funded Warrants
details below.

Stock Options

Summary of stock options information is as follows:

Schedule of stock options information

Average

Aggregate Number
 
Aggregate   Exercise Price
 
Exercise Price Range
 
Exercise 
Price

Outstanding, October 31, 2022

152,489

$
8,921,429

$
21.63-602.28

$
58.50

Granted

300,188

5,314,460

10.08-20.72

17.66

Exercised

—

—

—

—

 Cancelled, forfeited, or expired

(3,571
)

(154,481
)

43.26

43.26

Outstanding, October 31, 2023

449,106

$
14,081,408

$
10.08-602.28

$
31.36

Granted

104,693

529,899

2.81-11.76

5.06

Exercised

—

—

—

—

Cancelled, forfeited, or expired

(364,209
)

(7,763,571
)

2.81-545.58

15.75

Outstanding, October 31, 2024

189,590

$
6,847,736

$
3.64-602.28