Jaguar Health Provides Update on Monitoring Trading Activity to Identify Possible Illegal Short Selling
Jaguar Health (NASDAQ:JAGX) announced on April 6, 2023, its ongoing efforts to identify potential illegal naked short selling activities affecting its stock. The company has engaged Shareholder Intelligence Services to uncover trading anomalies and ensure compliance with FINRA and SEC regulations. Preliminary findings have shown slight trade imbalances meriting further investigation. Jaguar aims to safeguard shareholder interests and enhance shareholder value through this initiative.
ShareIntel's proprietary platform identifies markers of illegal short selling, assisting companies in ensuring true price discovery. Jaguar intends to keep the market updated on any material findings from this ongoing analysis.
- Engagement with Shareholder Intelligence Services aims to address potential illegal trading activities.
- Identified trade imbalances may lead to improved oversight and transparency in stock trading.
- Commitment to protecting shareholder interests and maximizing shareholder value.
- Identification of trading abnormalities raises concerns about market integrity and potential negative implications for stock performance.
SAN FRANCISCO, CA / ACCESSWIRE / April 6, 2023 / Jaguar Health, Inc. (NASDAQ:JAGX) ("Jaguar" or the "Company") today provided an update regarding the Company's efforts to identify trading abnormalities in Jaguar's publicly traded Common Stock that could be markers of potential illegal naked short selling.
"As we announced in February, Jaguar engaged Shareholder Intelligence Services, LLC (ShareIntel) to help uncover and address potential trading abnormalities in an effort to ensure that those brokering and trading our stock are compliant with FINRA and SEC rules and regulations governing short selling," said Lisa Conte, Jaguar's president and CEO. "This effort has identified slight trade imbalances that appear worthy of further scrutiny. We are committed to protecting the interests of our shareholders and maximizing shareholder value, and are continuing to engage ShareIntel to focus on this initiative. If this ongoing effort leads to any findings deemed to be material, the Company will update the market at that time."
ShareIntel's patented processes and proprietary analytics support identification of reporting anomalies among market makers, banks, broker-dealers and clearing firms. The ShareIntel DRIL-Down™ platform identifies markers of potential illegal naked short selling. Armed with actionable intelligence, ShareIntel assists public companies in their effort to ensure true price discovery.
"ShareIntel tracks and monitors critical broker-dealer and shareholder movements," said David Wenger, President and Chief Executive Officer of ShareIntel. "We look forward to continuing efforts to help Jaguar identify parties to potential abusive short selling, implement action plans to mitigate such activity, and help maximize shareholder ownership transparency."
About Shareholder Intelligence Service, LLC:
Shareholder Intelligence Service is a patented compliance driven SAAS retained by public companies to track shareholder ownership and monitor critical broker-dealer and shareholder movement. Learn more at www.shareintel.com.
About Jaguar Health, Napo Pharmaceuticals, Napo Therapeutics & Jaguar Animal Health
Jaguar Health, Inc. is a commercial stage pharmaceuticals company focused on developing novel, plant-based, sustainably derived prescription medicines for people and animals with GI distress, including chronic, debilitating diarrhea. Jaguar Health's wholly owned subsidiary, Napo Pharmaceuticals, Inc., focuses on developing and commercializing proprietary plant-based human pharmaceuticals from plants harvested responsibly from rainforest areas. Our crofelemer drug product candidate is the subject of the OnTarget study, an ongoing pivotal Phase 3 clinical trial for prophylaxis of diarrhea in adult cancer patients receiving targeted therapy. Jaguar Health is the majority shareholder of Napo Therapeutics S.p.A. (f/k/a Napo EU S.p.A.), an Italian corporation established by Jaguar Health in Milan, Italy in 2021 that focuses on expanding crofelemer access in Europe. Jaguar Animal Health is a tradename of Jaguar Health.
For more information about Jaguar Health, please visit https://jaguar.health. For more information about Napo Pharmaceuticals, visit www.napopharma.com. For more information about Napo Therapeutics, visit napotherapeutics.com.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements." In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "aim," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements in this release are only predictions. Jaguar has based these forward-looking statements largely on its current expectations and projections about future events. These forward-looking statements speak only as of the date of this release and are subject to a number of risks, uncertainties and assumptions, some of which cannot be predicted or quantified and some of which are beyond Jaguar's control. Except as required by applicable law, Jaguar does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.
CONTACT:
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SOURCE: Jaguar Health, Inc.
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