secwatch.observer — SEC 8-K summary
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Issuer:     Jaguar Health, Inc. (JAGX)
CIK:        0001585608
Form:       8-K
Filed at:   2025-12-12T23:59:59+00:00
Accession:  0001193125-25-317693
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585608/000119312525317693/0001193125-25-317693-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585608/000119312525317693/jagx-20251212.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-317693

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer