other material
confidence high
sentiment neutral
materiality 0.60
Jaguar Health raises $3.45M via convertible notes; CEO & insiders participate
Jaguar Health, Inc.
- $3.448M aggregate principal convertible notes at 6% interest, 3-month maturity, convertible into common stock at ~$5.54/share.
- Insiders (CEO Conte, CFO, board members) purchase $535K of notes, also receive warrants at $5.43 exercise price.
- Warrants exercisable immediately, expire in 5 years; up to 622,598 warrant shares plus 622,598 conversion shares.
- Proceeds for working capital; H.C. Wainwright placement agent with 7% cash fee and warrants.
- Expected close March 27, 2025; registration rights agreement requires filing by April 15, 2025.