---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-152345"
form_type: "8-K"
ticker: "JAGX"
cik: "0001585608"
company_name: "Jaguar Health, Inc."
filed_at: "2025-06-30T23:59:59+00:00"
generated_at: "2026-05-18T12:50:34.264436+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Jaguar Health cuts royalty debt by $6.5M, issues Series M preferred to Iliad and Streeterville

## Summary
- Issued 170 shares of Series M Preferred to Iliad for $4.25M reduction in October 2020 royalty interest.
- Issued 90 shares of Series M Preferred to Streeterville for $2.25M reduction in August 2022 royalty interest.
- Series M Preferred has $25,000 stated value, no dividends, and accrues a preferred return (10%-6% declining).
- Company may exchange Series M shares for common stock at the lower of closing or 5-day average price.
- Preferred holders gain consent rights over equity issuances, asset sales, and reverse splits.

## SEC filing metadata
- accession: 0001193125-25-152345
- form_type: 8-K
- ticker: JAGX
- cik: 0001585608
- company_name: Jaguar Health, Inc.
- filed_at: 2025-06-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1585608/000119312525152345/0001193125-25-152345-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1585608/000119312525152345/d14926d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-152345
- JSON: https://secwatch.observer/filing/0001193125-25-152345.json
- Plain text: https://secwatch.observer/filing/0001193125-25-152345.txt

## Key facts
- Governance Changes
  Jaguar Health, Inc.: Filed Series M Certificate of Designation for preferred stock, establishing terms, rights, and preferences (effective 2025-06-27).
  - Change: charter amendment
  - Effective: 2025-06-27
  source text: The preferences, rights, limitations and other matters relating to the Series M Preferred Stock are set forth in the Certificate of Designation, which the Company filed with the Secretary of State of the State of Delaware on June 27, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1585608/000119312525152345/0001193125-25-152345-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.