---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-23-001348"
form_type: "8-K"
ticker: "KAVL"
cik: "0001762239"
company_name: "Kaival Brands Innovations Group, Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T08:58:25.499261+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kaival Brands appoints new CEO and CFO; gets 180-day Nasdaq bid price extension until Jan 2024

## Summary
- 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.

## SEC filing metadata
- accession: 0001731122-23-001348
- form_type: 8-K
- ticker: KAVL
- cik: 0001762239
- company_name: Kaival Brands Innovations Group, Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.02, 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1762239/000173112223001348/0001731122-23-001348-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1762239/000173112223001348/e4893_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-23-001348
- JSON: https://secwatch.observer/filing/0001731122-23-001348.json
- Plain text: https://secwatch.observer/filing/0001731122-23-001348.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762239/000173112223001348/0001731122-23-001348-index.htm
- Executive change
  Mark Thoenes departed as Interim Chief Financial Officer at Kaival Brands Innovations Group, Inc..
  - Role: Interim Chief Financial Officer
  source text: Mr. Metzler replaces Mark Thoenes, who has served as the Company’s Interim Chief Financial Officer since June 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762239/000173112223001348/0001731122-23-001348-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762239/000173112223001348/0001731122-23-001348-index.htm

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