Full Press Release Details
Jaguar Health Announces Adjournment of Annual
Stockholders Until Friday, July 9, 2021 and Encourages All
Shareholders to Vote
Based on a preliminary review of votes cast,
over 76% have voted in favor of Proposals 2, 3, 4 & 6
Meeting scheduled to reconvene July 9, 2021
at 8:30 AM Pacific Standard Time to provide time to reach quorum
San Francisco, CA (June 11, 2021): Jaguar Health, Inc. (Nasdaq:
JAGX) ("Jaguar" or the "Company") today announced that it has adjourned its Annual Meeting of Stockholders held on
May 13, 2021 (the "Annual Meeting") for a second time due to a lack of quorum. The adjourned meeting will be held at 8:30
a.m. Pacific Standard Time/11:30 a.m. Eastern Standard Time on Friday, July 9, 2021, at the offices of the Company at 200 Pine Street,
Suite 400, San Francisco, CA 94104. The record date for determining stockholders eligible to vote at the Annual Meeting will remain the
close of business on April 12, 2021. Stockholders have thus far strongly supported the proposals.
No action is required by any stockholder who has previously delivered
a proxy and who does not wish to revoke or change that proxy.
"We currently have less than 0.1% of our total authorized shares
of Common Stock available for future issuance, taking into account shares issued and outstanding and shares reserved for issuance upon
exercise of outstanding warrants, existing equity incentive awards, and under our stock incentive plan and inducement award plans. The
Board believes that approval of Proposal 3 - the proposed increase in the number of authorized shares of Common Stock - will
benefit us by providing flexibility in responding to future business opportunities as the Board may deem in the best interest of shareholders,
from time to time; and also, if deemed in the best interest of shareholders by the Board, to raise additional capital from time to time
to execute our business plans," said Lisa Conte, Jaguar's president and CEO.
"We encourage all eligible stockholders who have not yet voted
their shares - or provided voting instructions to their broker or other record holder - to do so prior to the Annual Meeting,
as your participation is important. See below under How to Vote' for instructions on how to vote if you have not already
voted, or if you would like to change your votes," said Conte. "Jaguar's Board of Directors recommends a vote "FOR"
the presented proposals. Based on a preliminary review of the votes cast, over 76% have voted in favor of Proposal 3 ("Approving
an amendment to the Company's Third Amended and Restated Certificate of Incorporation, as amended (the "COI"), to increase
the number of authorized shares of Common Stock from 150,000,000 shares to 290,000,000 shares."). Approximately an additional 6%
of the Company's eligible common stock outstanding needs to be voted to reach quorum."
Stockholders of record as of the close of business on April 12, 2021
may vote by internet at http://www.voteproxy.com, or by telephone at 800-776-9437 (this voting phone number is operational 24x7), or by
returning a properly executed proxy card. Stockholders who hold shares of Jaguar stock in street name may vote through their broker. Street
name stockholders requiring assistance with voting their shares are encouraged to contact Jaguar's proxy solicitation firm, Georgeson,
at 866-821-0284, Monday to Friday from 9:00 AM - 11:00 PM US Eastern Standard Time, and Saturday from 12:00 PM-6:00 PM US Eastern
Standard Time. Georgeson's call center is not staffed on Sundays.
No changes have been made to the proposals to be voted on by stockholders
at the Annual Meeting. The Company's Proxy Statement and any other materials filed by the Company with the SEC can be obtained free of
charge at the SEC's website at www.sec.gov.
About Jaguar Health, Inc., Napo Pharmaceuticals, Inc. & Napo
Jaguar Health, Inc. is a commercial stage pharmaceuticals company focused
on developing novel, plant-based, non-opioid, and sustainably derived prescription medicines for people and animals with GI distress,
specifically chronic, debilitating diarrhea. Our wholly owned subsidiary, Napo Pharmaceuticals, Inc., focuses on developing and commercializing
proprietary plant-based human gastrointestinal pharmaceuticals from plants harvested responsibly from rainforest areas. Our Mytesi
(crofelemer) product is approved by the U.S. FDA for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral
therapy and the only oral plant-based prescription medicine approved under FDA Botanical Guidance. Napo Pharmaceuticals' wholly
owned Italian subsidiary, Napo EU S.p.A., focuses on expanding crofelemer access in Europe.
For more information about Jaguar, please visit https://jaguar.health.
For more information about Napo Pharmaceuticals, visit www.napopharma.com. For more information about Napo EU, visit www.napoeu.com.
Mytesi (crofelemer) is an antidiarrheal indicated for
the symptomatic relief of noninfectious diarrhea in adult patients with HIV/AIDS on antiretroviral therapy (ART). Mytesi
is not indicated for the treatment of infectious diarrhea. Rule out infectious etiologies of diarrhea before starting Mytesi .
If infectious etiologies are not considered, there is a risk that patients with infectious etiologies will not receive the appropriate
therapy and their disease may worsen. In clinical studies, the most common adverse reactions occurring at a rate greater than placebo
were upper respiratory tract infection (5.7%), bronchitis (3.9%), cough (3.5%), flatulence (3.1%), and increased bilirubin (3.1%).
More information and complete Prescribing Information are available
at Mytesi.com. Crofelemer, the active ingredient in Mytesi , is a botanical (plant-based) drug extracted and purified from
the red bark sap of the medicinal Croton lechleri tree in the Amazon Rainforest. Napo has established a sustainable harvesting
program for crofelemer to ensure a high degree of quality and ecological integrity.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking
statements." These include statements regarding the Company's belief that approval of Proposal 3 will benefit the Company
by providing flexibility in responding to future business opportunities as the Board may deem in the best interest of shareholders, from
time to time; and also, if deemed in the best interest of shareholders by the Board, to raise additional capital from time to time to
execute the Company's business plans. 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.
Source: Jaguar Health, Inc.