Kaival Brands Innovations Group, Inc. (KAVL): Nasdaq/NYSE listing notice — Kaival Brands appoints new CEO and CFO; gets 180-day Nasdaq bid price extension until Jan 2024

Kaival Brands Innovations Group, Inc.

Eric Mosser promoted from President/COO to CEO; $300K salary, 567,080-share option at $0.591.
Thomas Metzler appointed CFO, replacing interim CFO; $240K salary, 253,916-share option at $0.591.
Nasdaq grants 180-day extension to Jan 29, 2024 to meet $1 minimum bid price rule.
Must close at or above $1 for 10 consecutive business days to regain compliance; reverse split possible.
If compliance not met by Jan 29, 2024, Nasdaq will delist; company may appeal.

item 1.01 item 5.02 item 3.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed (interim)

Mark Thoenes

Interim Chief Financial Officer

KAVL · Kaival Brands Innovations Group, Inc.

Effective: 2023-08-01
Successor: Thomas Metzler
Filed: August 3, 2023, 7:59 PM ET

Mr. Metzler replaces Mark Thoenes, who has served as the Company’s Interim Chief Financial Officer since June 2021.

Appointed

Thomas Metzler

Chief Financial Officer, Treasurer and Secretary

KAVL · Kaival Brands Innovations Group, Inc.

Effective: 2023-08-01
Filed: August 3, 2023, 7:59 PM ET

the Board of Directors (the “ Board ”) of Kaival Brands Innovations Group, Inc. (the “ Company ”) appointed Thomas Metzler as the Company’s Chief Financial Officer, Treasurer and Secretary.

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 extension granted notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

August 1, 2023, Nasdaq notified the Company that its has received a 180-day extension to comply with the Bid Price Rule until January 29, 2024, by which date the Company must evidence compliance with the Bid Price Rule for at least ten (10) consecutive business days. If compliance cannot be demonstrated by January 29, 2024, Nasdaq will provide written notification to the Company that its common stock will be delisted. In the event of such a notification, the Company may appeal Nasdaq’s determination. There can be no assurance Nasdaq would grant any such request for continued listing. The Compa

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Mark Thoenes departed as Interim Chief Financial Officer at Kaival Brands Innovations Group, Inc..

Role: Interim Chief Financial Officer

Exact text from the filing

Mr. Metzler replaces Mark Thoenes, who has served as the Company’s Interim Chief Financial Officer since June 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas Metzler was appointed as Chief Financial Officer, Treasurer and Secretary at Kaival Brands Innovations Group, Inc..

Action: appointed
Role: Chief Financial Officer, Treasurer and Secretary

Exact text from the filing

the Board of Directors (the “ Board ”) of Kaival Brands Innovations Group, Inc. (the “ Company ”) appointed Thomas Metzler as the Company’s Chief Financial Officer, Treasurer and Secretary.

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 0001731122-23-001348

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