RegulatoryMay 4, 2026, 05:13 PM
Jaguar Health Cures Nasdaq Publicly Held Shares Non-Compliance
AI Summary
Jaguar Health, Inc. received a Nasdaq notification on May 1, 2026, for non-compliance with the minimum 500,000 Publicly Held Shares Requirement, following a 1-for-35 reverse stock split that reduced publicly held shares to approximately 401,226. The company also remained non-compliant with the $1.00 bid price requirement. On May 4, 2026, the exercise of pre-funded warrants increased publicly held shares to 513,939, bringing the company into compliance with the Publicly Held Shares Requirement. Jaguar Health is now awaiting formal confirmation from Nasdaq.
Key Highlights
- Jaguar Health received a Nasdaq notice for non-compliance with the 500,000 Publicly Held Shares Requirement.
- Post 1-for-35 reverse stock split, publicly held shares were approximately 401,226.
- The company also remained non-compliant with the minimum $1.00 bid price requirement.
- On May 4, 2026, certain investors exercised pre-funded warrants.
- This resulted in 513,939 publicly held shares, exceeding the 500,000 minimum.
- Jaguar Health is awaiting Nasdaq's formal confirmation of compliance for publicly held shares.