Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL), relating to its proposed merger with Delta Corp Holdings Limited whereby Kavial Brands and Delta will each become wholly owned subsidiaries of a specially created holding company incorporated under the laws of the Cayman Islands (“Pubco”). Under the terms of the agreement, shareholders of Kaival Brands will receive 1 share of Pubco for each share of Kaival Brands common stock they own, and are anticipated to own approximately 10.30% of Pubco.