Jaguar Health Stock Falls 23% Following $1.5 Mln Direct Offering Announcement

(RTTNews) - Jaguar Health, Inc. (JAGX) shares dropped 22.85 percent to $4.50 on Wednesday after the company announced a registered direct offering of 246,306 shares at $6.09 each, raising approximately $1.5 million in gross proceeds.

The stock traded between $4.11 and $5.30 on the day, with volume reaching 310,435 shares, well above its average of 120,048 on the Nasdaq. Jaguar shares are currently trading within a 52-week range of $4.02 to $219.00.

In a concurrent private placement, Jaguar agreed to issue warrants for up to 492,612 shares at an exercise price of $5.84. Proceeds will support general corporate purposes, including working capital, debt repayment, and capital expenditures.