SCHEDULE 13G/A: Investment Funds Correct Jaguar Health Stake Disclosure in Amended SEC Filing

CVI Investments, Inc. and Heights Capital Management, Inc. filed an amended Schedule 13G to correct an administrative error, disclosing a beneficial ownership of 9.9% in Jaguar Health, Inc.

Summary

• CVI Investments, Inc. and Heights Capital Management, Inc. filed an Amendment No. 1 to Schedule 13G for Jaguar Health, Inc.
• The amendment corrects an administrative error in the previously filed Schedule 13G on May 28, 2025, which underreported the number of shares owned by the Reporting Persons.
• The Reporting Persons, CVI Investments, Inc. and Heights Capital Management, Inc., beneficially own an aggregate of 131,249 shares of Jaguar Health, Inc. common stock.
• This ownership represents 9.9% of Jaguar Health, Inc.'s common stock.
• The beneficially owned shares consist of 82,102 direct shares and additional shares issuable upon the exercise of warrants.
• Warrants are not exercisable if beneficial ownership would exceed 9.99% of the outstanding shares.
• As of the completion of a recent offering, Jaguar Health, Inc. had 1,264,658 shares outstanding (excluding shares underlying warrants), as indicated in its Prospectus Supplement filed on May 22, 2025.
• Heights Capital Management, Inc. serves as the investment manager to CVI Investments, Inc. and exercises shared voting and dispositive power over the reported shares.

Sentiment

Score: 5

Explanation: The document is neutral as it is a corrective filing addressing an administrative error in a previous disclosure, rather than announcing new financial performance or strategic initiatives.

Negatives

• An administrative error led to the underreporting of shares in the initial Schedule 13G filing, necessitating this amendment.

Risks

• The filing explicitly states that the securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer, mitigating concerns about activist investor intentions.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of significant beneficial ownership, common in the investment industry. It does not provide broader industry trends but reflects an investment firm's position in a specific company within the healthcare or pharmaceutical sector (given Jaguar Health's typical business).

Stakeholder Impact

• Shareholders: Provides updated and accurate information regarding significant beneficial ownership, ensuring transparency.

Key Dates

Keywords

Jaguar Health Inc., CVI Investments Inc., Heights Capital Management Inc., Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Management, Warrants, Shareholding Disclosure