A Study to Investigate the Effect of a Low-fat Meal and Evening Dosing on KAI-7535 in Participants Living With Obesity or Overweight

Key Inclusion Criteria: * Body mass index (BMI) ≥25.0 and ≤40.0 kg/m\^2. * Medically healthy, as determined by prestudy medical history, and without clinically significant (CS) abnormalities. Key Exclusion Criteria: * Known hypersensitivity to study treatment or any study treatment ingredients. * History or presence of CS cardiovascular, pulmonary, hepatic, renal, hematological, GI, endocrine, immunologic, dermatologic, psychiatric, or neurological disease/disorder, including any acute illness, within the past 3 months. Note: Additional inclusion/exclusion criteria may apply, per protocol.