Jaguar Health swaps 91 Series M Preferred shares for 440K common shares and 1.6M pre-funded warrants

Jaguar Health, Inc.

On Dec 9, exchanged 75 Series M Preferred for 400K common shares and warrant for 1,304,545 shares at $0.001.
On Dec 11, exchanged 16 Series M Preferred for 40K common shares and warrant for 304,827 shares at $0.001.
Total 91 Series M Preferred shares cancelled; pre-funded warrants exercisable immediately with 9.99% beneficial ownership blocker.
Transaction executed with Iliad Research and Trading, L.P. via private exchange agreements under Section 3(a)(9).
Issuance reduces preferred liquidation preference; adds ~2.05M fully diluted shares to existing common.

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