---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-23-002212"
form_type: "8-K"
ticker: "KAVL"
cik: "0001762239"
company_name: "Kaival Brands Innovations Group, Inc."
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T18:08:54.368022+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Kaival Brands repays $650K note, enters $1.728M in receivables purchase agreements

## Summary
- Repaid all amounts due under $650,000 promissory note to AJB Capital on Dec 1, 2023; total $650,180.56.
- Entered Clearview and Mr. Advance agreements: each $864,000 principal sold for $600,000; net proceeds ~$563,000 after fees.
- New financing used to repay note and for working capital; weekly payments of $30,857 over ~28 weeks.
- Default under Clearview: immediate acceleration and damages of 33% or $5,000; under Advance: 25% or $2,500 plus 9% interest.
- CEO Eric Mosser personally guaranteed both agreements.

## SEC filing metadata
- accession: 0001731122-23-002212
- form_type: 8-K
- ticker: KAVL
- cik: 0001762239
- company_name: Kaival Brands Innovations Group, Inc.
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1762239/000173112223002212/0001731122-23-002212-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1762239/000173112223002212/e5250_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-23-002212
- JSON: https://secwatch.observer/filing/0001731122-23-002212.json
- Plain text: https://secwatch.observer/filing/0001731122-23-002212.txt

## Key facts
- Debt Financings
  Kaival Brands Innovations Group, Inc. incurred debt of $864,000 with Mr. Advance LLC maturing approximately 28 weeks.
  - Principal: $864,000
  - Counterparty: Mr. Advance LLC
  - Maturity: approximately 28 weeks
  - Event: incurrence
  source text: Pursuant to the Advance Agreement, the Company sold future receivables in the principal amount of $864,000 (the “Advance Future Receivables”) to Advance in a private transaction for a purchase price of $600,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762239/000173112223002212/0001731122-23-002212-index.htm
- Debt Financings
  Kaival Brands Innovations Group, Inc. incurred debt of $864,000 with Clearview Funding Solutions LLC maturing approximately 28 weeks.
  - Principal: $864,000
  - Counterparty: Clearview Funding Solutions LLC
  - Maturity: approximately 28 weeks
  - Event: incurrence
  source text: Pursuant to the Clearview Agreement, the Company sold future receivables in the principal amount of $864,000 (the “Clearview Future Receivables”) to Clearview in a private transaction for a purchase price of $600,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762239/000173112223002212/0001731122-23-002212-index.htm
- Material Agreements
  Kaival Brands Innovations Group, Inc. terminated Securities Purchase Agreement with AJB Capital Investments, LLC valued at Repaid $650,180.56 in full; Purchaser retained 400,000 Commitment Fee Shares (effective 2023-12-01).
  - Action: termination
  - Agreement: equity purchase
  - Counterparty: AJB Capital Investments, LLC
  - Value: Repaid $650,180.56 in full; Purchaser retained 400,000 Commitment Fee Shares
  - Effective: 2023-12-01
  source text: On December 1, 2023, the Company repaid all amounts due and owing under the Note in full, in an aggregate amount, including accrued interest, equal to $650,180.56. In connection with the repayment of the Note, the Company agreed that the Purchaser would be permitted to retain all of the Commitment Fee Shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762239/000173112223002212/0001731122-23-002212-index.htm

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