Jaguar Health Inc (JAGX)

[DanDosh]

I've done a little digging, is it really true they can only do a reverse split of max 1 for 3, and only if they get the share price up organically to a minimum of $0.333 first (goal being to get >$1 after RS)?
They already did a 1 for 75 RS in 2023, and there's a NASDAQ rule of how many reverse splits a company can do in the space of 2 years (Nasdaq Listing Rule 5810(c)(3)(A)(iv)":

Notwithstanding the foregoing, if a Company’s security fails to meet the continued listing requirement for minimum bid price and the Company has effected one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one, then the Company shall not be eligible for any compliance period specified in this Rule 5810(c)(3)(A) and the Listing Qualifications Department shall issue a Staff Delisting Determination under Rule 5810 with respect to that security.

Am i missing something? Seems to me the only option they have is to pump the price to a minimum of 0.333 and do a 3 for 1 split afterwards, to met the minimum $1 needed.