{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-22-001062","form_type":"8-K","ticker":"KAVL","cik":"0001762239","company_name":"Kaival Brands Innovations Group, Inc.","filed_at":"2022-06-13T23:59:59+00:00","discovered_at":"2026-05-14T18:04:02.214987+00:00","generated_at":"2026-06-25T02:26:02.415546+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Kaival Brands signs international distribution and license deal with Philip Morris International","bullets":["KBI licenses Bidi Vapor IP to PMI for ENDS products in markets outside U.S.; royalty 2.00%–3.50% of base price per unit.","Guaranteed minimum royalty pre-payment up to $1M per year; liability cap $10M–$30M under PMI Licensing Agreement.","Related-party deals: CEO owns Bidi Vapor and landlord; Audit Committee approved Third A&R Distribution Agreement and Lease.","Lease of 21,332 sq ft warehouse at $17,776.67/month for first year; related party; one-year term with auto-renewal options."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-22-001062","json":"https://secwatch.observer/filing/0001731122-22-001062.json","markdown":"https://secwatch.observer/filing/0001731122-22-001062.md","text":"https://secwatch.observer/filing/0001731122-22-001062.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1762239/000173112222001062/0001731122-22-001062-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1762239/000173112222001062/e3826_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T02:26:02.415546+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}