BRIEF-Delta Corp Enters Into Definitive Merger Agreement With Kaival Brands

Reuters09-23

Sept 23 (Reuters) - Kaival Brands Innovations Group Inc

* DELTA CORP HOLDINGS LIMITED, A FAST GROWING ASSET-LIGHT LOGISTICS COMPANY ENTERS INTO A DEFINITIVE MERGER AND SHARE EXCHANGE AGREEMENT WITH KAIVAL BRANDS INNOVATIONS GROUP, INC.

* KAIVAL BRANDS INNOVATIONS GROUP INC - COMBINED COMPANY TO BE TRADED ON NASDAQ

* KAIVAL BRANDS INNOVATIONS GROUP INC: PROPOSED DEAL FOR AN IMPLIED PRICE PER SHARE OF $2.66

* KAIVAL BRANDS INNOVATIONS GROUP INC - DELTA MANAGEMENT TEAM TO LEAD COMBINED COMPANY

* KAIVAL BRANDS INNOVATIONS GROUP INC: DELTA SHAREHOLDERS WILL EXCHANGE THEIR SHARES OF DELTA FOR $270 MILLION IN ORDINARY SHARES OF PUBCO

* KAIVAL BRANDS: CO'S STOCKHOLDERS TO OWN ABOUT 10.30% OF OUTSTANDING ORDINARY SHARES OF PUBCO

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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