Jaguar Health says each outstanding Series R preferred share converted into 5 common shares, leaving 13,345,986 common shares outstanding and up to 69,823 more available through eligible warrants. The added shares follow an earlier dividend, and the filing reports no business change, so it does not alter the company's outlook.
More common shares can mean each share represents a smaller piece of the company. Here, the shares came from an earlier dividend, and the filing reports no change in Jaguar's business. The outlook is unchanged.
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