secwatch.observer — SEC 8-K summary
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Issuer:     Jaguar Health, Inc. (JAGX)
CIK:        0001585608
Form:       8-K
Filed at:   2025-06-30T23:59:59+00:00
Accession:  0001193125-25-152345
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585608/000119312525152345/0001193125-25-152345-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585608/000119312525152345/d14926d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-152345

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