---
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"
generated_at: "2026-06-25T02:26:02.415546+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Kaival Brands signs international distribution and license deal with Philip Morris International

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-22-001062
- JSON: https://secwatch.observer/filing/0001731122-22-001062.json
- Plain text: https://secwatch.observer/filing/0001731122-22-001062.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.