Kaival Brands Innovations Group, Inc. (KAVL): Nasdaq/NYSE listing notice — Kaival Brands gets Nasdaq deficiency notice for missing annual meeting; names Barry Hopkins Executive Chairman

November 7, 2023, Kaival Brands Innovations Group, Inc., a Delaware corporation (the “ Company ”) received written notice (the “ Notice ”) from the Listing Qualifications Department of The Nasdaq Stock Market (“ Nasdaq ”) stating that the Company failed to hold an annual meeting of shareholders within twelve ( 12) months after its fiscal year ended on October 31, 2022, as required by Nasdaq Listing Rule 5620(a) (the “ Annual Meeting Listing Rule ”). The Notice is only a notification of deficiency, not of imminent delisting. Therefore, the Notice has no current effect on the listing or trading

On November 6, 2023, the Company’s board of directors (the “ Board ”), pursuant to the powers of the Board provided for under applicable Delaware law, approved the creation of the new officer position of Executive Chairman and appointed Barry M. Hopkins, the current Chairman of the Board of the Company, to the office of Executive Chairman.