Company: KAVL
Filing Date: 2025-03-03
Form Type: DEF 14C
Source: 0001731122-25-000319
Chunk: 2

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-03-03
Form: DEF 14C
Chunk 2
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the “Stockholder Consent” and, together with the Board Consent, the
“Written Consents”).

The purpose of this Information Statement is to provide
disclosure to our stockholders regarding the corporate action ratified and approved by our Board of Directors and the Majority Consenting
Stockholders, to implement a reverse split at a ratio of any whole number within the range between one-for-two (1:2) and one-for-twenty
(1:20), with such ratio to be determined in the discretion of the Registrant’s Board of Directors and with such action to be effected
at such time and date as determined by the Board of Directors (the “Reverse Split” or the “Corporate Action”).

The Written Consents approving the Corporate Action
were adopted pursuant to the provisions of Section 141(f) and Section 228 of Title 8 of the Delaware General Corporation Law (“DGCL”).

Under Section 228 of Title 8 of DGCL any action required
or permitted by the DGCL to be taken at an annual or special meeting of stockholders of a Delaware corporation may be taken without a
meeting, without prior notice and without a vote, if a consent in writing, setting forth the action so taken, is signed by the holders
of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting
at which all voting shares entitled to vote thereon were present and voted. Prompt notice of the approval of any action so taken must
be given to those stockholders who have not consented in writing to the action and who, if the action had been taken at a meeting, would
otherwise have been entitled to notice of the meeting.

Under the DGCL and the Company’s Certificate
of Incorporation, the affirmative vote of the holders of a majority of the Company’s outstanding voting capital stock is required
to approve the Reverse Split. On February 25, 2025, Majority Consenting Stockholders that, in the aggregate, are the record owners of
5,919,658 shares of our Common Stock representing, in the aggregate, 51.3% of our outstanding voting capital stock, executed and delivered
to the Company a written consent authorizing and approving the Reverse Split. The Majority Consenting Stockholders include several members
of our Board of Directors and other significant stockholders.

Accordingly, the Reverse Stock Split has been approved
by stockholders representing the requisite number of shares of our outstanding voting capital stock. As such