Company: KAVL
Filing Date: 2025-02-21
Form Type: PRE 14C
Source: 0001731122-25-000278
Chunk: 3

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-02-21
Form: PRE 14C
Chunk 3
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 Split.

In order to properly implement the Reverse Split,
after filing of the Definitive Information Statement on Schedule 14C with the SEC, the Company must submit a Company Event Notification
Form to The Nasdaq Stock Market LLC (“Nasdaq”) notifying Nasdaq of the Reverse Split and must comply with Nasdaq Rule 5250(e)(7).

Pursuant to Rule 14c-2(b) promulgated by the SEC under
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the actions approved by the Written Consents cannot
become effective until twenty (20) days from the date of mailing of the Definitive Information Statement to our stockholders. This Information
Statement shall constitute notice to our stockholders of the above Corporate Action taken by the Corporation pursuant to the Written Consents.

New Common Stock certificates will not be issued on
or after the date that the Reverse Split is effected (the “Effective Date”) but may be issued subsequently with respect to
any certificates returned to the transfer agent upon a sale, exchange, or for any other purpose following the implementation of the Reverse
Split. No fractional shares will be issued in connection with the Reverse Split. Any fractional share will be rounded up to the next whole
number.

<div align='center'>3

REVERSE SPLIT</div>

Actions By Board of Directors and Majority Consenting Stockholders

On February 20, 2025, the Company’s Board of Directors and Majority
Consenting Stockholders unanimously approved the Reverse Split of the issued and outstanding shares of Common Stock, including shares
of Common Stock reserved for issuance, 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, time and date to be determined by the Company’s Board of Directors.

The Corporate Action, which provides for the implementing
of the Reverse Split, was based upon and approved by the Written Consents.

The Majority Consenting Stockholders are:

| Name of Consenting Stockholder |     | Number of Shares Owned |     | Percentage of Beneficial Ownership* |     |   |
|                                |     |                        |     |                                     |     | % |
|                                |     |                        |     |                                     |     | % |
|                                |     |                        |     |                                     |     | % |
|                                |     |                        |     |                                     |     | % |
| Total Voting Power:            |     |