Company: KAVL
Filing Date: 2025-03-03
Form Type: DEF 14C
Source: 0001731122-25-000319
Chunk: 17

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-03-03
Form: DEF 14C
Chunk 17
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ations reflect such changes in the number of shares, that fact shall be disclosed.”

Street Name Holders of Common Stock

The Company intends for the Reverse Split to treat
stockholders holding Common Stock in street name through a nominee (such as a bank or broker) in the same manner as stockholders whose
shares are registered in their names. Nominees will be instructed to affect the Reverse Split for their beneficial holders. However, nominees
may have different procedures. Accordingly, stockholders holding Common Stock in street name should contact their nominees.

Stock Certificates

Mandatory surrender of certificates is not required
by our stockholders. The Company’s transfer agent will adjust the record books of the company to reflect the Reverse Split as of
the Effective Date of the Reverse Split. New certificates will not be mailed to stockholders.

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SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS</div>

The following table sets forth certain information,
as of the Record Date, that are beneficially owned by (i) each person or entity known to our Company to be the beneficial owner of more
than 5% of the outstanding Common Stock; (ii) each officer and director of our Company; and (iii) all officers and directors as a group.
Information relating to beneficial ownership of Common Stock by our principal stockholders is based upon information furnished by each
person using “beneficial ownership” concepts under the rules of the SEC. Under these rules, a person is deemed to be a beneficial
owner of a security if that person has or shares voting power, which includes the power to vote or direct the voting of the security,
or investment power, which includes the power to vote or direct the voting of the security. The person is also deemed to be a beneficial
owner of any security of which that person has a right to acquire beneficial ownership within sixty (60) days. Under the rules of the
SEC, more than one person may be deemed to be a beneficial owner of the same securities, and a person may be deemed to be a beneficial
owner of securities as to which he/she may not have any pecuniary beneficial interest. Except as noted below, each person has sole voting
and investment power. Beneficial ownership is determined in accordance with the rules of the SEC and includes voting or investment power
with respect to the shares. Except as otherwise indicated, and subject to applicable community property laws, the persons named in the
table have sole