Company: KAVL
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001731122-25-001141
Chunk: 24

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 24
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Section 2(a)(11) of the Securities Act, and any commissions received by them and any profit realized on the resale of the shares sold
by them while acting as principal might be deemed to be underwriting discounts or commissions under the Securities Act. As an underwriter,
Maxim would be required to comply with the requirements of the Securities Act and the Exchange Act, including, without limitation, Rule
415(a)(4) under the Securities Act and Rule 10b-5 and Regulation M under the Exchange Act. These rules and regulations may limit the timing
of purchases and sales of shares by the agent acting as principal. Under these rules and regulations, the sales agent: may not engage
in any stabilization activity in connection with our securities; and may not bid for or purchase any of our securities or attempt to induce
any person to purchase any of our securities, other than as permitted under the Exchange Act, until it has completed its participation
in the distribution.

The offering of our common stock pursuant to the
Sales Agreement under this prospectus supplement will terminate upon the earliest of (i) August 15, 2026, (ii) such date, if any,
which is fifteen days after the date on which either we or Maxim provide notice to terminate the Sales Agreement or (iii) the sale
of all common stock provided for in this prospectus supplement. Maxim and its affiliates are full service financial institutions
engaged in various activities, which may include securities trading, commercial and investment banking, financial advisory,
investment management, investment research, principal investment, hedging, financing and brokerage activities. Maxim and its
affiliates have provided, and may in the future provide, various investment banking and other financial services for us and our
affiliates, for which services they have received, and may in the future receive, customary fees. Maxim served ) as placement agent
for a public offering consummated in June 2024, pursuant to which Maxim received cash compensation and is currently serving as the
exclusive financial advisor to the Company in connection with the Merger.

In the ordinary course of their various business activities,
Maxim and its affiliates may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative
securities) and financial instruments (including bank loans) for their own account and for the accounts of their customers, and such investment
and securities activities may involve securities and/or instruments of us. Maxim and its respective affiliates may also make investment
recommendations and