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 $1.00
Jaguar Health, Inc.
- Nasdaq notified Jaguar Health on May 10, 2023, that its stock's bid price closed below $1.00 for 30 consecutive business days, violating Listing Rule 5550(a)(2).
- Company granted 180-day grace period until November 6, 2023, to regain compliance by achieving closing bid price of at least $1.00 for 10 consecutive business days.
- If not compliant by Nov 6, Nasdaq may grant a second 180-day period if the company meets other initial listing standards, including stockholders' equity of at least $5 million (current condition).
- Jaguar Health states it is diligently working to evidence compliance but cannot assure regaining compliance or extension.