debt
confidence high
sentiment neutral
materiality 0.50
Jaguar Health extends $2.57M convertible note maturity to Jan 30, 2026; issues new warrants at $2.70 strike
Jaguar Health, Inc.
- Company entered Exchange Agreements with certain investors to replace ~$2.57M of 6% convertible notes originally due June 30, 2025; new maturity January 30, 2026.
- Replacement Notes convertible at $5.535/sh (non-insider) or $5.555/sh (insider); New Warrants exercisable at $2.70/sh, expire in 18 months.
- Insiders including CEO and board members participated in exchange, acquiring $492,012 principal of Replacement Notes and warrants for 177,138 shares.
- Prior to extension, five investors converted $0.866M of original notes into equity.
- Net proceeds from equity/debt financings or licensing above $8M must be used to repay Replacement Notes.
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