other_material
confidence high
sentiment neutral
materiality 0.60
Jaguar Health raises $2.38M via Series N Perpetual Preferred Stock PIPE
Jaguar Health, Inc.
- Issued ~951 Series N Preferred shares at $2,500 stated value each for aggregate proceeds of $2.38M.
- Series N Preferred non-dividend, non-convertible but exchangeable into common at $1.20 per share after shareholder approval.
- Proceeds to be used for working capital and repayment of certain existing notes.
- Company must seek stockholder approval within 90 days; beneficial ownership capped at 19.99%.
- Registration statement for resale of exchange shares required within 30 days of closing.
item 1.01item 3.02item 5.03item 9.01