Jaguar Animal Health Inc. fell out of compliance with the Nasdaq Stock Market's listing rules as the bid price of its common stock had closed below the minimum $1.00 per share for the last 30 consecutive business days.

The company has a grace period of 180 calendar days, or until June 26, 2017, to regain compliance.

In order to get an extension after June 26, 2017, Jaguar is required, among other things, to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for Nasdaq, with the exception of the minimum bid price requirement.

Previously, the company failed to maintain a minimum of $2.5 million in stockholders' equity in accordance with the exchange's listing rules. It has until February 21, 2017, to show evidence of compliance with this rule.