Company: KAVL
Filing Date: 2025-11-17
Form Type: 8-K
Source: 0001731122-25-001551
Chunk: 0

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-11-17
Form: 8-K
Item: Item 3.01
Chunk 0
---
Item 3.01. Notice of Delisting of Failure to Satisfy
a Continued Listing Rule or Standard; Transfer of Listing.

On November 10, 2025, the Company received a letter
(the “ Notice”) from the Listing Qualifications Department (the “ Staff”) of The Nasdaq Stock Market LLC (“ Nasdaq”)
that stated the Staff’s belief that the Company is a public shell” and the continued listing of its securities is no longer
warranted. In the Notice, the Staff explained that it based this belief on its review of the Company’s public disclosures and materials
submitted to the Staff by the Company. The Staff further stated that such belief is supported by the Company’s lack of revenue generating
assets and the substantial reduction in employees and operations since the fiscal year ended October 31, 2023. The Staff further cited
that as reported in the Company’s Quarterly Report on Form 10-Q filed on September 16, 2025, 87.7% of the Company’s assets
are patents and technology that don’t have definitive plans for commercialization and that the Company reported under $400,000 in
revenue for the nine months ended July 31, 2025, compared to $6.1 million for the 9 months ended July 31, 2024. The Notice further advised
that, unless the Company timely requests an appeal of the Staff’s determination before a Hearings Panel (the “ Panel”),
it would be subject to delisting.

The Company believes that it is an operating company
and disagrees with Nasdaq’s view regarding the Company’s status as a “public shell” and accordingly, intends to
timely appeal the Staff’s determination. The appeal will automatically stay any suspension or delisting action pending the hearing
and the expiration of any additional extension period that may be granted by the Panel pursuant to the hearing. There can be no assurance
that the Company’s appeal of the delisting determination will be successful, or that, if successful, the Company will be able to
maintain compliance with all applicable listing criteria.

SIGNATURE