October 11, 2019
Lisa A. Conte
Chief Executive Officer and President
Jaguar Health, Inc.
201 Mission Street, Suite 2375
San Francisco, CA
Re: Jaguar Health, Inc.
Registration Statement on Form S-1
Filed September 27, 2019
File No. 333-233989
Dear Ms. Conte:
We have limited our review of your registration statement to those
issues we have
addressed in our comment.
Please respond to this letter by amending your registration statement
and providing the
requested information. If you do not believe our comment applies to your facts
and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.
After reviewing any amendment to your registration statement and the
information you
provide in response to this comment, we may have additional comments.
Registration Statement on Form S-1 filed September 27, 2019
Exhibits
1. We note that Article XIII of your Amended and Restated Certificate of
Incorporation and
Section 7.13 of your Amended and Restated Bylaws identify the Court of
Chancery of the
State of Delaware as the exclusive forum for certain litigation,
including any "derivative
action." Please disclose whether these provisions apply to actions
arising under the
Securities Act or Exchange Act. In this regard, we note that Section 27
of the Exchange
Act creates exclusive federal jurisdiction over all suits brought to
enforce any duty or
liability created by the Exchange Act or the rules and regulations
thereunder, and Section
22 of the Securities Act creates concurrent jurisdiction for federal and
state courts over all
suits brought to enforce any duty or liability created by the Securities
Act or the rules and
regulations thereunder. If these provisions apply to Securities Act
claims, please also
revise your prospectus to state that there is uncertainty as to whether
a court would
Lisa A. Conte
Jaguar Health, Inc.
October 11, 2019
Page 2
enforce such provision and that investors cannot waive compliance with
the federal
securities laws and the rules and regulations thereunder. If these
provisions do not apply
to actions arising under the Securities Act or Exchange Act, please tell
us how you will
inform investors in future filings that these provisions do not apply to
any actions arising
under the Securities Act or Exchange Act. Please also describe the
savings clause and
subject matter jurisdiction carve out referenced in your Amended and
Restated Bylaws.
We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.
Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.
You may contact Jeffrey Gabor at 202-551-2544 or Mary Beth Breslin at
202-551-3625
with any questions.
Sincerely,
FirstName LastNameLisa A. Conte
Division of
Corporation Finance
Comapany NameJaguar Health, Inc.
Office of Life
Sciences
October 11, 2019 Page 2
cc: Michael Lee, Esq.
FirstName LastName