Kaival Brands Innovations Group, Inc. (KAVL): Nasdaq/NYSE listing notice — Kaival Brands receives Nasdaq deficiency notice for bid price below $1.00

Kaival Brands Innovations Group, Inc.

Closing bid price below $1.00 for 30 consecutive business days from Dec 14, 2022 to Jan 17, 2023.
Compliance period of 180 calendar days until July 31, 2023 to achieve bid price >= $1.00 for 10 consecutive days.
Company may qualify for an additional 180-day grace period if it meets other listing standards and provides notice.
Failure to cure could lead to delisting; Company has right to appeal any delisting determination.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Kaival Brands Innovations Group, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

se the closing bid price for the Company’s common stock has fallen below $1.00 per share for 30 consecutive business days (December 14, 2022 through January 17, 2023), the Company no longer complies with the minimum bid price requirement for continued listing on the Nasdaq Capital Market under Rule 5550(a)(2) of the Nasdaq Listing Rules. Nasdaq’s notice has no immediate effect on the listing of the Company’s common stock on the Nasdaq Capital Market. Pursuant to Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has been provided with a compliance period of 180 calendar days, or until July 31

View on SEC.gov

8 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Kaival Brands Innovations Group, Inc. filing history →

Source: SEC EDGAR

accession 0001731122-23-000126

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.