Kaival brands innovations group, inc. receives nasdaq notification regarding minimum bid price deficiency

Grant, fla., jan. 31, 2022 /prnewswire/ -- kaival brands innovations group, inc. (nasdaq: kavl) ("kaival brands," the "company," or "we"), the exclusive global distributor of all products manufactured by bidi vapor, llc ("bidi vapor"), which are intended for adults 21 and over, announced today that it has received notification from the nasdaq stock market llc ("nasdaq") notifying the company that it is not in compliance with the requirement to maintain a minimum closing bid price of $1.00 per share, as set forth in nasdaq listing rule 5550(a)(2) because the closing bid price of the company's common stock (the "common stock") was below $1.00 per share for 30 consecutive trading days.
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