Avinger, Inc.: Avinger Closes $14.4 Million Bought Deal Offering of Common Stock
REDWOOD CITY, CA / ACCESSWIRE / February 2, 2021 / Avinger, Inc. (NASDAQ:AVGR) (the Company ), a commercial-stage medical device company marketing the first and only intravascular image-guided, catheter-based system for diagnosis and treatment of Peripheral Artery Disease (PAD), today announced the closing of an underwritten offering of 10,000,000 shares of common stock of the Company, at a price to the public of $1.44 per share.
Aegis Capital Corp. is acting as the sole book-running manager for the offering.
The gross proceeds of the offering were approximately $14.4 million, prior to deducting underwriting discounts and commissions and estimated offering expenses. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes, which may include research and development of the Company s Lumivascular platform products, preclinical and clinical trials
Avinger : Closes $14 4 Million Bought Deal Offering of Common Stock
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Avinger Announces $14 4 Million Bought Deal Offering of Common Stock
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Avinger, Inc.: Avinger Announces $14.4 Million Bought Deal Offering of Common Stock
REDWOOD CITY, CA / ACCESSWIRE / January 28, 2021 / Avinger, Inc. (NASDAQ:AVGR) (the Company ), a commercial-stage medical device company marketing the first and only intravascular image-guided, catheter-based system for diagnosis and treatment of Peripheral Artery Disease (PAD), today announced that it has entered into an underwriting agreement with Aegis Capital Corp. under which the underwriter has agreed to purchase, on a firm commitment basis, 10,000,000 shares of common stock of the Company, at a price to the public of $1.44 per share (the Public Price ), representing an approximate 10% discount to the Company s January 28, 2021 closing share price. The closing of the offering is expected to occur on or about February 2, 2021, subject to customary closing conditions.
Avinger Regains Compliance with Nasdaq Listing Requirements
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