{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-23-001036","form_type":"8-K","ticker":"KAVL","cik":"0001762239","company_name":"Kaival Brands Innovations Group, Inc.","filed_at":"2023-05-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.441461+00:00","generated_at":"2026-06-14T10:40:35.470605+00:00","sec_items":["1.01","2.01","3.02","3.03","5.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Kaival Brands acquires GoFire's vaporizer patent portfolio for equity; appoints new director","bullets":["Acquired 12 issued and 46 pending patents on vaporizer/inhalation tech for 2M common shares, 900K Series B Preferred, and warrants for 2M common.","Series B Preferred redeemable at $15/share, convertible into 8.3333 common shares per preferred, with 2% cumulative dividend and limited conversion after 18 months.","Contingent cash payments: 50% of cannabis-specific royalties up to $15M, then 10% until 2027; warrants have exercise prices of $3-$6 per share.","Board expanded to 8; James P. Cassidy appointed as Series B Preferred Director, designated by GoFire.","Transaction closed May 30, 2023; assets housed in wholly owned subsidiary Kaival Labs."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-23-001036","json":"https://secwatch.observer/filing/0001731122-23-001036.json","markdown":"https://secwatch.observer/filing/0001731122-23-001036.md","text":"https://secwatch.observer/filing/0001731122-23-001036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1762239/000173112223001036/0001731122-23-001036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1762239/000173112223001036/e4751_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T10:40:35.470605+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"}