regulatory
confidence high
sentiment negative
materiality 0.75
Jaguar Health, Inc. (JAGX): Nasdaq/NYSE listing notice — Jaguar Health receives Nasdaq delisting notice for bid price below $0.10 for 10 days
Jaguar Health, Inc.
- Nasdaq notified Jaguar Health on Jan 5, 2023 that its common stock bid price closed below $0.10 for 10 consecutive trading days, triggering delisting under Rule 5810(c)(3)(A)(iii).
- Company intends to request a hearing before the Nasdaq Hearings Panel to appeal; request will stay delisting pending hearing and potential extension.
- Jaguar Health also must regain compliance with $1.00 minimum bid price rule by Feb 13, 2023, having been granted a 180-day grace period.
- Special stockholder meeting scheduled for Jan 20, 2023 to vote on reverse stock split (ratio of 1-for-3 to 1-for-75) to potentially regain compliance.