Jaguar Health Declares Special Stock Dividend as Dilution Protection Measure
Jaguar Health, Inc. (NASDAQ: JAGX), a commercial-stage pharmaceuticals company, declared a one-time dividend of 0.1 shares of Series O Preferred Stock for each share of common stock outstanding. The company framed the move as dilution protection as it explores debt restructuring.
Jaguar Health, Inc. (NASDAQ: JAGX), a commercial-stage pharmaceuticals company, announced that its board of directors declared a special one-time stock dividend of one-tenth of one share of Series O Convertible Preferred Stock for each share of voting common stock outstanding as of March 2, 2026. The dividend extends to shares issuable upon exercise of certain warrants totaling 2,400,765 shares. Read more dividend announcements.
The company stated the dividend is intended to provide dilution protection to shareholders as it explores a pathway to restructure its debt. Payment is scheduled for March 4, 2026.
The Series O Preferred Stock will be issued in fractional shares, with each fraction convertible into common stock according to terms the company will file with Delaware's Secretary of State before the dividend payment date. Investors trading during this period should consult their brokers regarding entitlement to the dividend.
| Dividend Component | Details |
|---|---|
| Amount | 0.1 share of Series O Preferred Stock per common share |
| Record Date | March 2, 2026 |
| Payment Date | March 4, 2026 |
| Eligible Securities | Common stock plus shares issuable under eligible warrants (2,400,765 shares) |
The dividend applies to holders of voting common stock and certain warrant holders at the close of business on the record date. The company announced the dividend on February 18, 2026.
Jaguar will file a Certificate of Designation with Delaware establishing the rights, preferences, powers, restrictions, and limitations of the Series O Preferred Stock before issuing the dividend. The preferred shares may be issued in whole shares or fractions as small as one-tenth of a share, with fractional shares entitling holders to proportional conversion rights into common stock.