Nasdaq grants kaival brands 180-day extension to regain compliance

Grant-valkaria, fla., aug. 02, 2023 (globe newswire) -- kaival brands innovations group, inc. (nasdaq: kavl) ("kaival brands," the "company" or "we,” “our” or similar terms), a company focused on incubating and commercializing innovative products into mature and dominant brands, with a current focus on the distribution of electronic nicotine delivery systems (ends) intended for adults 21 and over, today announced that the nasdaq stock market (“nasdaq”) has granted kaival brands an additional 180 days to regain compliance with nasdaq's $1.00 minimum bid price rule requirement under nasdaq listing rule 5550(a)(2) (the “bid price rule”), following the expiration of the initial 180 days period to regain compliance on july 31, 2023.
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