Avinger, Inc.: Avinger Improves Terms of Existing CRG Loan Agreement
REDWOOD CITY, CA / ACCESSWIRE / January 26, 2021 / Avinger, Inc. (NASDAQ:AVGR), 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 an agreement with CRG Partners III L.P. to extend the interest only period and maturity date of its existing term loan.
Under the CRG amendment to the existing term loan agreement, which became effective on January 22, 2021, the interest only period and maturity date of the term loan are extended by 2 ½ years. The interest only period is extended from June 30, 2021 to December 31, 2023. The maturity date is extended from June 30, 2023 to December 31, 2025.
Avinger Improves Terms of Existing CRG Loan Agreement
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Cipherloc Settles Litigation, Reclaims Additional Shares
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CipherLoc Corporation: Cipherloc Settles Litigation, Reclaims Additional Shares
AUSTIN, TX / ACCESSWIRE / January 20, 2021 / Cipherloc Corporation (OTCQB:CLOK) ( CipherLoc ), a developer of advanced encryption technology, today announced the return of 127,500 common shares and 1 million preferred shares, which were convertible into 1.5 million common shares, as part of a settlement with the estate of its previous Chief Financial Officer Pamela Thompson. As consideration in the settlement, Cipherloc agreed to pay $50,000. This settlement returns the equivalent of more than 1.6 million shares of Cipherloc s common stock to the Company, said David Chasteen, CEO of Cipherloc. While we believe this return of shares improves the standing of our stockholders, we remain fully focused on revenue-generating sales activity as we continue to work with our partners and distributors to move Cipherloc s software into the market.