Kaival Brands Innovations Group, Inc. (KAVL): Nasdaq/NYSE listing notice — Kaival Brands fails to hold annual meeting; Nasdaq extends deadline to April 29, 2024

Kaival Brands Innovations Group, Inc.

On Nov 7, 2023, Nasdaq notified Kaival Brands of non-compliance with listing rule requiring annual meeting within 12 months of FY ended Oct 31, 2022.
Company submitted a compliance plan; on Jan 18, 2024, Nasdaq granted extension until April 29, 2024 to hold the annual meeting.
Company expects to hold annual meeting within extension period to regain compliance with Nasdaq Listing Rule 5620(a).
The notice is a deficiency notification, not an imminent delisting, but failure to comply could lead to delisting risk.

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 shareholders (rules 5620(a)).

Exchange: nasdaq
Notice: extension granted
Deficiency: shareholders
Rules: 5620(a)

Exact text from the filing

January 18, 2024 Nasdaq provided written notice to the Company that it determined to grant the Company an extension until April 29, 2024 to regain compliance with the Annual Meeting Listing Rule by holding an annual meeting of shareholders. At the annual meeting, shareholders must be afforded the opportunity to discuss Company affairs with management and, if required by the Company's governing documents, to elect directors. The Company expects to hold an annual meeting within such timeframe. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly

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Source: SEC EDGAR

accession 0001731122-24-000114

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