---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-283139"
form_type: "8-K"
ticker: "JAGX"
cik: "0001585608"
company_name: "Jaguar Health, Inc."
filed_at: "2025-11-14T23:59:59+00:00"
generated_at: "2026-05-16T19:51:33.894175+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Jaguar Health issues $10.81M secured note to Streeterville Capital; $8M held as collateral

## Summary
- Net proceeds of $10M after $800K OID and $10K transaction expenses; interest 8% p.a., maturity 36 months.
- $8M deposited in restricted account at Lakeside Bank as collateral; release allowed for excess over declining requirement.
- Lender can redeem up to $600K/month starting month 12; mandatory prepayment of 25% of upfront IP licensing fees.
- Note secured by subsidiary guaranty (JAGX Holdings) and pledge of all its membership interests; strict negative covenants on additional debt and equity.
- Proceeds at Company's discretion, including repayment of $6M June 2025 convertible bridge notes.

## SEC filing metadata
- accession: 0001193125-25-283139
- form_type: 8-K
- ticker: JAGX
- cik: 0001585608
- company_name: Jaguar Health, Inc.
- filed_at: 2025-11-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1585608/000119312525283139/0001193125-25-283139-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1585608/000119312525283139/d930413d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-283139
- JSON: https://secwatch.observer/filing/0001193125-25-283139.json
- Plain text: https://secwatch.observer/filing/0001193125-25-283139.txt

## Key facts
- Debt Financings
  Jaguar Health, Inc. incurred loan of $10,810,000 with Streeterville Capital, LLC at 8.00% per annum maturing 36 months following the date of issuance.
  - Instrument: loan
  - Principal: $10,810,000
  - Counterparty: Streeterville Capital, LLC
  - Rate: 8.00% per annum
  - Maturity: 36 months following the date of issuance
  - Event: incurrence
  source text: the Company issued and sold to the Lender a secured promissory note in the original principal amount of $10,810,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1585608/000119312525283139/0001193125-25-283139-index.htm

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