Jaguar Health announces 1-for-60 reverse stock split

Jaguar Health announced that the company will effect a reverse stock split of its issued and outstanding voting common stock at an exchange ratio of 1-for-60, on Thursday, May 23 in order to support the company’s compliance with Nasdaq’s listing standards. The company’s common stock will begin trading on a split-adjusted basis when the market opens on the Effective Date and will remain listed on The Nasdaq Capital Market under the symbol “JAGX“. The new CUSIP number for the company’s common stock following the reverse stock split is 47010C805. “Jaguar’s board of directors has determined that effecting a reverse stock split at this time will, in addition to supporting the Company’s compliance with Nasdaq’s listing standards, provide Jaguar with the opportunity to achieve a share price and outstanding share count that is more attractive to institutional investors,” said Lisa Conte, Jaguar’s president and CEO.