other_material
confidence high
sentiment neutral
materiality 0.75
Jaguar Health exchanges $22.7M in royalty interests for Series Q Preferred Stock
Jaguar Health, Inc.
- Uptown Capital: $12.5M royalty reduction for 500 Series Q shares.
- Streeterville: $3.7M reduction (148 shares) + $6.5M reduction (260 shares).
- Series Q carries 10% annual preferred return payable in additional Series Q shares.
- Company can exchange Series Q for common at Minimum Price; 9.99% ownership cap.
- Restrictive covenants include equity issuance limit and majority-holder consent rights.
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