secwatch.observer — SEC 8-K summary
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Issuer:     Jaguar Health, Inc. (JAGX)
CIK:        0001585608
Form:       8-K
Filed at:   2023-10-05T23:59:59+00:00
Accession:  0001104659-23-107248
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.03, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jaguar Health amends royalty agreements, issues warrants and preferred to reduce debt by $1.5M
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- Amended three $12M royalty interests (Iliad, Uptown, Streeterville); monthly payment Jan 2026 = greater of $750k or actual.
- Issued warrants to purchase 750,000 shares total at $0.37/share to investors; 5-year term exercisable cash or cashless.
- Exchanged $1.5M of Uptown's royalty balance for 118 shares of Series I Convertible Preferred Stock, convertible at $0.264/share.
- Series I preferred has 9.99% beneficial ownership cap, no voting rights, and ranks pari passu with common on liquidation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585608/000110465923107248/0001104659-23-107248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585608/000110465923107248/tm2327745d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-107248

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