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Kaival Brands Innovations, a Delaware corporation, has been granted an extension by The Nasdaq Stock Market to hold its annual shareholder meeting, which it had previously failed to conduct within the required timeframe. The company, listed under the trading symbol KAVL, received a notice on November 7, 2023, from Nasdaq's Listing Qualifications Department, indicating that it did not meet the Nasdaq Listing Rule 5620(a) by not holding the annual meeting within twelve months after the fiscal year ended on October 31, 2022. However, this notice did not affect the company's listing or trading on Nasdaq. Following a submitted plan of compliance, Nasdaq has allowed Kaival Brands Innovations until April 29, 2024, to regain compliance by holding the overdue annual meeting. The company has confirmed its intention to meet this new deadline. The annual meeting will provide shareholders the opportunity to discuss company affairs and, if necessary, elect directors. The announcement was made by Barry Hopkins, the Executive Chairman and Interim Chief Executive Officer and President of Kaival Brands Innovations.
Kaival Brands Innovations, a Delaware corporation, has been granted an extension by The Nasdaq Stock Market to hold its annual shareholder meeting, which it had previously failed to conduct within the required timeframe. The company, listed under the trading symbol KAVL, received a notice on November 7, 2023, from Nasdaq's Listing Qualifications Department, indicating that it did not meet the Nasdaq Listing Rule 5620(a) by not holding the annual meeting within twelve months after the fiscal year ended on October 31, 2022. However, this notice did not affect the company's listing or trading on Nasdaq. Following a submitted plan of compliance, Nasdaq has allowed Kaival Brands Innovations until April 29, 2024, to regain compliance by holding the overdue annual meeting. The company has confirmed its intention to meet this new deadline. The annual meeting will provide shareholders the opportunity to discuss company affairs and, if necessary, elect directors. The announcement was made by Barry Hopkins, the Executive Chairman and Interim Chief Executive Officer and President of Kaival Brands Innovations.
纳斯达克股票市场已批准延长特拉华州的一家公司Kaival Brands Innovations的年度股东大会，但此前该公司未能在规定的时间范围内举行该会议。该公司以交易代码KAVL上市，于2023年11月7日收到纳斯达克上市资格部门的通知，表明它没有在截至2022年10月31日的财政年度后的十二个月内举行年会，因此没有符合纳斯达克上市规则5620（a）。但是，该通知并未影响该公司在纳斯达克的上市或交易。在提交合规计划后，纳斯达克允许凯瓦尔品牌创新公司在2024年4月29日之前通过举行逾期的年会来恢复合规。该公司已确认打算在新的截止日期之前完成任务。年会将为股东提供讨论公司事务的机会，并在必要时选举董事。Kaival Brands Innovations执行董事长、临时首席执行官兼总裁巴里·霍普金斯宣布了这一消息。
纳斯达克股票市场已批准延长特拉华州的一家公司Kaival Brands Innovations的年度股东大会，但此前该公司未能在规定的时间范围内举行该会议。该公司以交易代码KAVL上市，于2023年11月7日收到纳斯达克上市资格部门的通知，表明它没有在截至2022年10月31日的财政年度后的十二个月内举行年会，因此没有符合纳斯达克上市规则5620（a）。但是，该通知并未影响该公司在纳斯达克的上市或交易。在提交合规计划后，纳斯达克允许凯瓦尔品牌创新公司在2024年4月29日之前通过举行逾期的年会来恢复合规。该公司已确认打算在新的截止日期之前完成任务。年会将为股东提供讨论公司事务的机会，并在必要时选举董事。Kaival Brands Innovations执行董事长、临时首席执行官兼总裁巴里·霍普金斯宣布了这一消息。
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