{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-23-001513","form_type":"8-K","ticker":"KAVL","cik":"0001762239","company_name":"Kaival Brands Innovations Group, Inc.","filed_at":"2023-08-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.152909+00:00","generated_at":"2026-06-11T09:31:17.089488+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Kaival Brands enters $650K promissory note with AJB Capital; discloses prior receivables financing","bullets":["Issued $650K promissory note to AJB Capital Investments at 10% interest; net proceeds $567K after OID and fees.","Note matures Feb 8, 2024; convertible into common stock only upon Event of Default at a minimum price of $0.10/share.","Company paid commitment fee of 400,000 shares of common stock to AJB; 200,000 redeemable if note repaid within 6 months.","Also disclosed two May 2023 receivables purchase agreements: sold $580K future receivables each for $400K, net proceeds ~$375K each.","CEO Eric Mosser personally guaranteed both receivables agreements."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-23-001513","json":"https://secwatch.observer/filing/0001731122-23-001513.json","markdown":"https://secwatch.observer/filing/0001731122-23-001513.md","text":"https://secwatch.observer/filing/0001731122-23-001513.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1762239/000173112223001513/0001731122-23-001513-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1762239/000173112223001513/e4932_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T09:31:17.089488+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":[{"claim_id":"7a9edee954ba591fec79c6a51dae0be267670183","claim":"Kaival Brands Innovations Group, Inc. incurred debt of $580,000 with Clearview Funding Solutions LLC maturing approximately 28 weeks.","evidence_excerpt":"ordinary course of business of the Company and are material to the Company. Pursuant to the Clearview Agreement, the Company sold future receivables in the principal amount of $580,000 (the “Clearview Future Receivables”) to Clearview in a private transaction for a purchase price of $400,000 (giving effect to original issue discount of $180,000). In connection","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1762239/000173112223001513/0001731122-23-001513-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$580,000"},{"label":"Counterparty","value":"Clearview Funding Solutions LLC"},{"label":"Maturity","value":"approximately 28 weeks"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b0eda728178e2dd003d13dcd7651e1d3c02d04d0","claim":"Kaival Brands Innovations Group, Inc. incurred loan of $650,000 with AJB Capital Investments, LLC at 10% per annum maturing February 8, 2024.","evidence_excerpt":"On August 9, 2023, Kaival Brands Innovations Group, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with AJB Capital Investments, LLC (the “Purchaser”), pursuant to which the Company sold a Promissory Note in the principal amount of $650,000 (the “Note”) to the Purchaser in a private transaction for a purchase price of $585,000 (giving effect to original issue discount of $65,000).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1762239/000173112223001513/0001731122-23-001513-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$650,000"},{"label":"Counterparty","value":"AJB Capital Investments, LLC"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"February 8, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e81c24a008f844e2e015b76384ea86f4a0fe2e6c","claim":"Kaival Brands Innovations Group, Inc. incurred debt of $580,000 with Mr. Advance LLC at 9% per annum maturing approximately 28 weeks.","evidence_excerpt":"Pursuant to the Advance Agreement, the Company sold future receivables in the principal amount of $580,000 (the “Advance Future Receivables”) to Advance in a private transaction for a purchase price of $400,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1762239/000173112223001513/0001731122-23-001513-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$580,000"},{"label":"Counterparty","value":"Mr. Advance LLC"},{"label":"Rate","value":"9% per annum"},{"label":"Maturity","value":"approximately 28 weeks"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1461b6969b89f8b5989437fa4f716f618efaae9a","claim":"Kaival Brands Innovations Group, Inc. entered into Securities Purchase Agreement with AJB Capital Investments, LLC valued at $650,000 (effective 2023-08-09).","evidence_excerpt":"On August 9, 2023, Kaival Brands Innovations Group, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with AJB Capital Investments, LLC (the “Purchaser”), pursuant to which the Company sold a Promissory Note in the principal amount of $650,000","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1762239/000173112223001513/0001731122-23-001513-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"AJB Capital Investments, LLC"},{"label":"Value","value":"$650,000"},{"label":"Effective","value":"2023-08-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}