Welcome to the Future of Kaival Brands and Delta Corp Holdings
Big News in the Business World
GRANT-VALKARIA, Fla., Sept. 23, 2024 (GLOBE NEWSWIRE) — Kaival Brands Innovations Group, Inc., (NASDAQ: KAVL) (“Kaival Brands”, the “Company”), the exclusive U.S. distributor of the Bidi® Stick and certain other products manufactured by Bidi Vapor, LLC (“Bidi Vapor”), and Delta Corp Holdings Limited (“Delta”), a privately held holding company for global businesses engaged in Bulk & Energy logistics, fuel supply, commodities, and asset management, announced today that the companies have entered into a definitive merger and share exchange agreement (the “definitive agreement”), whereby Kavial Brands and Delta will each become wholly owned subsidiaries of a specially created holding company incorporated under the laws of the Cayman Islands, Delta Corp Holdings Limited (“Pubco”). The closing of the transactions contemplated by the definitive agreement (the “business combination”) is subject to certain conditions, including, without limitation, the approval of the shareholders of Kaival Brands and the approval of the listing of the shares of Pubco on the Nasdaq Stock Market (“Nasdaq”). Delta shareholders will become the majority shareholders of Pubco as further detailed below.
What Does This Mean for Kaival Brands and Delta Corp Holdings?
This merger and share exchange agreement will bring together two powerful entities in the business world, creating new opportunities for growth and expansion. By combining their resources and expertise, Kaival Brands and Delta Corp Holdings will be able to leverage their strengths to drive innovation and success in their respective industries.
For Kaival Brands, this merger means access to Delta Corp Holdings’ global network and resources, opening up new markets and opportunities for the Bidi® Stick and other products. Delta Corp Holdings, on the other hand, will benefit from Kaival Brands’ strong presence in the U.S. market and its proven track record of success.
Overall, this merger is a strategic move that will position both companies for long-term success and growth in the competitive business landscape.
How Will This Merger Affect Me?
As a consumer, you may experience changes in product offerings and availability as Kaival Brands and Delta Corp Holdings work together to expand their reach and offerings. This merger could lead to new and innovative products hitting the market, providing you with more choices and options when making purchasing decisions.
Global Impact of the Merger
On a global scale, this merger highlights the trend of companies coming together to pool their resources and capabilities to drive innovation and success. It demonstrates the importance of collaboration and strategic partnerships in today’s business world, where companies are constantly seeking ways to stay ahead of the competition and reach new markets.
Conclusion
The merger between Kaival Brands and Delta Corp Holdings represents a significant step forward for both companies, as they join forces to create a stronger, more competitive entity in the business world. This strategic move will open up new opportunities for growth and innovation, benefiting both companies and their stakeholders in the long run.
