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9 months ago
BRIEF-Jaguar Animal Health and Napo Pharmaceuticals announce details for proposed merger
October 6, 2016 / 10:17 AM / 9 months ago

BRIEF-Jaguar Animal Health and Napo Pharmaceuticals announce details for proposed merger

1 Min Read

Oct 6 (Reuters) - Jaguar Animal Health Inc

* Jaguar Animal Health and Napo Pharmaceuticals announce details for proposed merger

* Announcing that Aspire Capital Fund LLC purchased 348,601 shares of Jaguar common stock, at a price per share of $2.28

* As of October 1, 2016, Napo owned 22.6% of Jaguar's outstanding shares of common stock.

* LOI contemplates a 3-to-1 Napo-to-Jaguar value ratio

* LOI also outlines capitalization requirements that napo would be required to satisfy to proceed with a potential merger Source text for Eikon: Further company coverage:

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