Kaival Brands Innovations Group Inc (KAVL)

[daiello]

The reverse stock split is intended to increase the per share stock price of our Common Stock. The Company’s Common Stock is quoted on the OTC Markets Group Inc.’s OTCQB® Venture Market under the symbol “KAVL”. As of March 26, 2021, the last reported closing price of the Common Stock was $1.40 per share. The Company has submitted an application to have its shares listed on the NASDAQ Capital Market and the Board has determined that it may be necessary to effect a reverse split to increase the market price of the Company’s stock in order to meet NASDAQ’s minimum bid price of $4. In addition, we believe that if we are successful in maintaining a higher stock price, the stock will generate greater interest among professional investors and institutions. If we are successful in generating interest among such entities, we anticipate that our Common Stock would have greater liquidity and a stronger investor base.