Kaival, Delta Corp announce confidential submission of registration statement

Kaival Brands Innovations Group and Delta Corp Holding announced the confidential submission with the U.S. Securities and Exchange Commission of a draft registration statement on Form F-4 by Delta Corp Holdings Limited, a newly created holding company organized under the laws of the Cayman Islands. As previously announced on September 23, 2024, Kaival entered into a Merger and Share Exchange Agreement with Delta, Pubco, KAVL Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of Pubco and the shareholders of Delta, whereby Kaival and Delta will become wholly owned subsidiaries of Pubco, and Pubco will become a new publicly listed holding company. The closing of the transactions contemplated by the Merger Agreement is subject to certain conditions, including, without limitation, the approval of Kaival’s stockholders and The Nasdaq Stock Market LLC’s approval of the listing of the ordinary shares of Pubco on the Nasdaq Capital Market.