Why Jaguar Health Stock Is Soaring After-Hours
Portfolio Pulse from Erica Kollmann
Jaguar Health, Inc. (NASDAQ:JAGX) shares surged after-hours following the approval of all proposals at its special stockholders meeting, including avoiding a reverse split. The company has been granted an additional grace period until August 13, 2024, to meet Nasdaq's $1.00 bid price requirement for continued listing. Over the past year, JAGX shares have declined by 84.75%, but have risen 26.05% over the past month.
April 09, 2024 | 8:51 pm
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Jaguar Health's stock surged after-hours following the approval of all proposals at its special stockholders meeting, notably avoiding a reverse split and receiving a grace period until August 13, 2024, to meet Nasdaq's listing requirements.
The approval of all proposals, especially avoiding a reverse split, and the extension of the grace period to meet Nasdaq's listing requirements are positive developments for Jaguar Health. These factors likely contributed to the after-hours stock price surge, reflecting investor optimism about the company's ability to maintain its Nasdaq listing and potentially improve its financial health.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100