Kaival Brands and Delta Corp mutually terminate merger agreement; deal abandoned

Kaival Brands Innovations Group, Inc.

Termination agreement signed Sept 11, 2025; Merger Agreement (Sep 23, 2024) cancelled ab initio.
All claims, fees, indemnification rights released; both parties covenant not to sue.
Effectiveness conditioned on separate Termination Agreement with Maxim Group LLC by Sept 15, 2025.
Delta agrees not to buy/sell KAVL stock for 6 months and not to contact Patel family.
No break-up fee or other consideration disclosed; transaction costs likely sunk.

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