Company: KAVL
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001731122-25-001141
Chunk: 56

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 56
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date. No preemptive rights are granted to the holders of Series B Preferred Stock. The Majority Holders have the ability to cause a voluntary
conversion of the Series B Preferred Stock into Common Stock at a conversion rate of 0.3968 shares of Common Stock per share of Series
B Preferred Stock which may only occur on or after the following dates 18 month, 24 month, 36, month, 48 month, and 60 month anniversary
of the original issuance date; and only up to 180,000 number of shares of Series B Preferred Stock on each of the these dates. All shares
of Series B Preferred Stock will automatically convert to Common Stock upon the occurrence of a Change of Control (as defined in the
GoFire APA).

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Our Board of Directors without the approval of the
stockholders may issue shares of preferred stock in one or more classes or series; and with respect to each series of preferred stock,
the Board of Directors will fix the designations, powers, preferences and rights, and the qualifications, limitations or restrictions
thereof including dividend rights, dividend rates, conversion rights, voting rights, terms of redemption, redemption prices, liquidation
preferences and the number of shares constituting any class or series, without further vote or action by the stockholders. We will incorporate
by reference as an exhibit to the registration statement that includes this prospectus the form of any certificate of designations that
describes the terms of the series of preferred stock we are offering before the issuance of the related series of preferred stock. This
description will include the following, to the extent applicable:

| ● | the title and stated value; |

| ● | the number of shares we are offering; |

| ● | the liquidation preference per share; |

| ● | the purchase price; |

| ● | the dividend rate, period and payment date, and method of calculation for dividends, if any; |

| ● | whether any dividends will be cumulative or non-cumulative and, if cumulative, the date from which dividends will accumulate; |

| ● | the provisions for a sinking fund, if any; |

| ● | the provisions for redemption or repurchase, if applicable, and any restrictions on our ability to exercise those redemption and repurchase rights; |

| ● | any listing of the preferred stock on any securities exchange or market; |

| ● | whether the preferred stock will be convertible into our common stock and, if applicable, the conversion