Kaival Brands Innovations Group, Inc. And Delta Corp Holdings Limited Announce Public Filing Of Registration Statement In Connection With Proposed Business Combination
Benzinga Newsdesk 1 year ago
M&A
Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL), a Delaware corporation ("Kaival" or the "Company") and the U.S. distributor of the Bidi® Stick and certain other products manufactured by Bidi Vapor, LLC
Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL), a Delaware corporation ("Kaival" or the "Company") and the U.S. distributor of the Bidi® Stick and certain other products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), and Delta Corp Holdings Limited, a company incorporated in England and Wales ("Delta") and a privately held holding company for global businesses engaged in Bulk & Energy logistics, fuel supply, commodities, and asset management, jointly announced the public filing of a registration statement on Form F-4 with the U.S. Securities and Exchange Commission ("SEC") by Delta Corp Holdings Limited, a newly created holding company organized under the laws of the Cayman Islands ("Holdings" or "Pubco").
On Sept. 23, 2024, Kaival entered into a definitive business combination agreement with Delta and Pubco. This transaction will result in Kaival and Delta becoming wholly-owned subsidiaries of Pubco, which will be a new public company whose ordinary shares trade on the Nasdaq Capital Market ("Nasdaq").