Delta Corp Holdings Limited Finalizes Merger and Share Exchange Deal with Kaival Brands Innovations Group, Inc.

Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) has announced a definitive merger agreement with Delta Corp Holdings Limited, a privately held company specializing in bulk and energy logistics, fuel supply, and asset management. This strategic merger aims to create a new public entity, Pubco, through which both companies will operate as wholly-owned subsidiaries. The transaction is set to be completed in the fourth quarter of 2024 and reflects a significant premium of 359% over Kaival Brands’ current stock price, translating to an implied share price of $2.66. The merger positions the combined company to leverage Delta’s asset-light business model and global reach, with expectations of substantial growth opportunities in the energy and raw materials markets. Following the merger, Delta’s management team will lead the newly formed entity, with both companies aiming to enhance shareholder value. Overall, this merger represents a pivotal advancement for both firms as they seek to capitalize on synergies and expand their market presence.

Delta Corp Holdings Limited Finalizes Merger and Share Exchange Deal with Kaival Brands Innovations Group, Inc.

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