other_material
confidence high
sentiment neutral
materiality 0.55
Jaguar Health raises ~$1.5M in registered direct offering with warrants
Jaguar Health, Inc.
- Issued 246,306 shares at $6.09/share; gross proceeds ~$1.5M.
- Concurrent private placement of warrants to buy up to 492,612 shares at $5.84, expiring in 24 months.
- H.C. Wainwright serves as placement agent; fees: 7% cash, 6% warrant coverage (14,778 warrants at $7.6125).
- Net proceeds for working capital, operating expenses, and repayment of outstanding convertible notes.
- Closing expected May 22, 2025; shares offered under effective S-3 shelf registration.
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