---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-24-001018"
form_type: "8-K"
ticker: "KAVL"
cik: "0001762239"
company_name: "Kaival Brands Innovations Group, Inc."
filed_at: "2024-06-25T23:59:59+00:00"
generated_at: "2026-06-01T02:14:10.881642+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Kaival Brands closes $6.0M public offering of units with warrants

## Summary
- Aggregate gross proceeds of ~$6.0M from sale of 3,921,500 units at $1.53 per unit.
- Each unit consists of one share (or pre-funded warrant) + 1.5 common warrants exercisable at $1.53 for 5 years.
- Net proceeds to be used for general corporate purposes, working capital, and funding operations/expansion.
- Maxim Group LLC acted as sole placement agent; offering closed June 24, 2024.
- Exercise price of common warrants may reset lower after 30 days based on VWAP, floor $0.574.

## SEC filing metadata
- accession: 0001731122-24-001018
- form_type: 8-K
- ticker: KAVL
- cik: 0001762239
- company_name: Kaival Brands Innovations Group, Inc.
- filed_at: 2024-06-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1762239/000173112224001018/0001731122-24-001018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1762239/000173112224001018/e5768_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-24-001018
- JSON: https://secwatch.observer/filing/0001731122-24-001018.json
- Plain text: https://secwatch.observer/filing/0001731122-24-001018.txt

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