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Jaguar Uranium (NYSE: JAGU) closes $25.0 million IPO and issues extra shares

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Jaguar Uranium Corp. completed its initial public offering of 6,250,000 Class A common shares at $4.00 per share, generating gross proceeds of $25,000,000 before underwriting discounts and expenses. The company also granted the underwriter a 30-day option to buy up to 937,500 additional shares to cover any over-allotments.

In connection with previously disclosed transactions, Jaguar Uranium issued 50,000 common shares upon conversion of a convertible debenture, 3,836,757 common shares to Green Shift Commodities Ltd., and 1,000,000 common shares to Consolidated Uranium Inc., all under a Section 4(a)(2) exemption. The board appointed independent directors Janet Meiklejohn and Tomas De Pablos Souza and adopted the Jaguar Uranium Corp. 2025 Equity Incentive Plan.

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Insights

Jaguar Uranium completes IPO, raises $25.0 million, and expands its equity base.

Jaguar Uranium Corp. has transitioned to public-company status by completing an IPO of 6,250,000 Class A common shares at $4.00 per share, for gross proceeds of $25,000,000. The underwriter also holds a 30-day option for up to 937,500 additional shares to cover over-allotments.

Alongside the IPO, the company issued 50,000 shares on a convertible debenture conversion, 3,836,757 shares to Green Shift Commodities Ltd., and 1,000,000 shares to Consolidated Uranium Inc. under share purchase agreements, all under Section 4(a)(2). These actions expand the shareholder base and recognize prior arrangements.

Governance and incentives were also addressed: two independent directors, Janet Meiklejohn and Tomas De Pablos Souza, joined the board, and the 2025 Equity Incentive Plan was adopted. Subsequent filings may provide more detail on how equity grants under this plan are used to align management with shareholders.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): February 11, 2026

 

 

 

Jaguar Uranium Corp.

(Exact name of registrant as specified in its charter)

 

 

 

British Columbia   001-43094   Not applicable

(State or other jurisdiction
of incorporation)

 

(Commission File Number)

 

(IRS Employer
Identification No.)

 

3-1136 Centre Street
Thornhill, Ontario L4J 3M8
Canada

(Address of principal executive offices) (Zip Code)

 

(416648-4065 

(Registrant’s telephone number, including area code)

 

Not applicable

(Former name or former address, if changed since last report.)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class  

Trading Symbol

 

Name of each exchange on which registered

Class A common shares, no par value   JAGU   NYSE American LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 

 

 

 

 

 

Item 3.02. Unregistered Sales of Equity Securities

 

On February 11, 2026, the Company consummated its initial public offering (“IPO”) of 6,250,000 Class A common shares, no par value, of the Company (the “IPO Shares”). The IPO Shares were sold at a price of $4.00 per share, for gross proceeds to the Company of $25,000,000, as described in the prospectus (the “Prospectus”) dated February 9, 2016, filed with the Securities and Exchange Commission (the “SEC”) pursuant to 424(b) of the Securities Act of 1933, as amended (the “Securities Act”), which is deemed to be part of the Registration Statement on Form S-1 (File No. 333-292006) (as amended, the “Registration Statement”).

 

As disclosed on the Registration Statement, on February 12, 2026, the Company issued (a) 50,000 Class A common shares, no par value, of the Company (the “Common Shares”) upon conversion of a convertible debenture to an existing shareholder; (b) 3,836,757 Common Shares to Green Shift Commodities Ltd. pursuant to Share Purchase Agreement dated December 8, 2023 by and among the Company, Gaia Energy Inc., an Ontario corporation, and Green Shift Commodities Ltd., an Ontario corporation, as amended by the Amending Agreement dated April 8, 2024; and (c) 1,000,000 Common Shares to Consolidated Uranium Inc. pursuant to Share Purchase Agreement dated July 17, 2024 by and between the Company and Consolidated Uranium Inc., an Ontario corporation and a wholly-owned subsidiary of IsoEnergy Ltd., an Ontario corporation.

 

The above mentioned Common Shares were issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Director Appointments

 

As described in the Registration Statement, each of Janet Meiklejohn and Tomas De Pablos Souza were appointed to the Company’s Board of Directors (the “Board”) effective February 11, 2026. Janet Meiklejohn and Tomas De Pablos Souza are independent directors as defined under the applicable rules of the SEC and the listing standards of the NYSE American LLC. Additional information regarding, among other things, each of Janet Meiklejohn’s and Tomas De Pablos Souza’s background is contained in the Registration Statement and is incorporated herein by reference.

 

2025 Equity Incentive Plan

 

Effective February 11, 2026, the Board adopted and approved the Jaguar Uranium Corp. 2025 Equity Incentive Plan (the “Equity Incentive Plan”) in the form previously filed as Exhibit 10.11 to the Registration Statement. For further information regarding the Equity Incentive Plan, see “Executive and Director Compensation” in the Prospectus. The above description of the Equity Incentive Plan is not complete and is qualified in its entirety by reference to such exhibit.

 

Item 8.01. Other Events.

 

On February 11, 2026, the Company completed its IPO of 6,250,000 Common Shares at a public offering price of $4.00 per share. In addition, the Company granted an option to the underwriter to purchase up to 937,500 additional Common Shares, solely to cover over-allotments, if any, less the underwriting discount within 30 days of February 9, 2026. The gross proceeds to the Company from the IPO were $25.0 million, before deducting underwriting discounts and offering expenses payable by the Company.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

1

 

 

Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized.

 

Date: February 18, 2026 Jaguar Uranium Corp.
     
  By:

/s/ Steven Gold

  Name: Steven Gold
  Title: President and Chief Executive Officer

 

2

 

FAQ

What did Jaguar Uranium Corp. (JAGU) announce regarding its IPO?

Jaguar Uranium Corp. completed an IPO of 6,250,000 Class A common shares at $4.00 per share, raising gross proceeds of $25,000,000. The company also granted the underwriter a 30-day option to purchase up to 937,500 additional shares to cover potential over-allotments.

How much capital did Jaguar Uranium Corp. (JAGU) raise in its IPO?

Jaguar Uranium Corp. raised gross proceeds of $25,000,000 from its IPO of 6,250,000 Class A common shares priced at $4.00 each. These proceeds are stated before deducting underwriting discounts and offering expenses payable by the company in connection with the offering.

What additional shares did Jaguar Uranium Corp. (JAGU) issue outside the IPO?

Jaguar Uranium issued 50,000 common shares upon conversion of a convertible debenture, 3,836,757 shares to Green Shift Commodities Ltd., and 1,000,000 shares to Consolidated Uranium Inc. These issuances were made under existing share purchase agreements and relied on a Section 4(a)(2) registration exemption.

Which new directors joined Jaguar Uranium Corp. (JAGU)’s board?

Janet Meiklejohn and Tomas De Pablos Souza were appointed to Jaguar Uranium Corp.’s board of directors effective February 11, 2026. Both are described as independent directors under applicable SEC rules and NYSE American listing standards, enhancing the company’s board independence after its public listing.

What equity compensation plan did Jaguar Uranium Corp. (JAGU) adopt?

Effective February 11, 2026, Jaguar Uranium Corp.’s board adopted the Jaguar Uranium Corp. 2025 Equity Incentive Plan. The plan’s form was previously filed as an exhibit, and further details are described in the company’s prospectus section titled “Executive and Director Compensation.”

Under what exemption were certain Jaguar Uranium Corp. (JAGU) shares issued?

Shares issued for the debenture conversion and to Green Shift Commodities Ltd. and Consolidated Uranium Inc. relied on the Section 4(a)(2) exemption. This means they were sold in transactions not involving a public offering and cannot be offered or sold in the United States without registration or another exemption.

Filing Exhibits & Attachments

3 documents
Jaguar Uranium Corp.

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