Connect with us

Hi, what are you looking for?

Press Release

Avinger Announces Exercise and Closing of Underwriter’s Over-Allotment Offering

REDWOOD CITY, CA / ACCESSWIRE / July 9, 2020 / 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 patients with Peripheral Artery Disease (“PAD”), today announced that the underwriters of its previously announced underwritten public offering have exercised, in full, their option to purchase an additional 3,000,000 shares of its common stock at a price of $0.27 per share. Total gross proceeds to the Company from the Offering, including the funds received from the prior closing and the exercise of this option, are approximately $6.2 million, before deducting underwriting discounts, commissions and other offering expenses payable by the Company. The shares were offered pursuant to a registration statement on Form S-1 (File No. 333-239177) previously filed with the Securities and Exchange Commission (“SEC”), and a related registration statement on Form S-1 (File No. 333-239398) filed pursuant to rule 462(b) of the Securities Act of 1933, which registration statements were declared effective by the SEC. A final prospectus relating to the offering was filed with the SEC and is available on the SEC’s website at www.sec.gov.

Aegis Capital Corp. is acting as sole bookrunner for the offering.

A copy of the final prospectus relating to the offering may be obtained by contacting Aegis Capital Corp., Attention: Syndicate Department, 810 7th Avenue, 18th floor, New York, NY 10019, by email at [email protected], or by telephone at (212) 813-1010. This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Any offer, if at all, will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement.

About Avinger, Inc.

Avinger is a commercial-stage medical device company that designs and develops the first and only image-guided, catheter-based system for the diagnosis and treatment of patients with Peripheral Artery Disease (PAD). PAD is estimated to affect over 12 million people in the U.S. and over 200 million worldwide. Avinger is dedicated to radically changing the way vascular disease is treated through its Lumivascular platform, which currently consists of the Lightbox imaging console, the Ocelot family of chronic total occlusion (CTO) catheters, and the Pantheris® family of atherectomy devices. Avinger is based in Redwood City, California. For more information, please visit www.avinger.com.

Investor Contact:

Mark Weinswig
Chief Financial Officer
Avinger, Inc.
(650) [email protected]

Matt Kreps
Darrow Associates Investor Relations
(214) 597-8200

Advertisement. Scroll to continue reading.
join yolo

Safe Harbor Disclosure

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that may cause actual results or events to differ materially from those projected. These risks and uncertainties, many of which are beyond our control, include: the effects of the COVID-19 pandemic on our operations and general economic conditions; risks relating to our growth strategy; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; risks relating to the results of development activities; our ability to attract, integrate and retain key personnel; our need for substantial additional funds; patent and intellectual property matters; competition; as well as other risks described in the section entitled “Risk Factors” and elsewhere in our Annual Report on Form 10-K filed with the SEC on March 6, 2020 and in our other filings with the SEC, including, without limitation, our reports on Forms 8-K and 10-Q, all of which can be obtained on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and reflect management’s current estimates, projections, expectations and beliefs. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.

SOURCE: Avinger, Inc.
View source version on accesswire.com: https://www.accesswire.com/596906/Avinger-Announces-Exercise-and-Closing-of-Underwriters-Over-Allotment-Offering

Written By

Viral & Trending

You Might Also Like

Entrepreneurship

Speaking about the real estate market is more than interesting in today’s society. In the world of so much diversity, we must focus on...

Influencers

The COVID-19 outbreak pushed the entire world population into strange and  unexpected experiences. With an uncertainty that descended, people are forced to spend more...

Entrepreneurship

There are few millionaires who came from nothing and Kustas Kirsipuu is one of them. This self-made man proved himself while going through a...

Entrepreneurship

As a child, Stephen Campolo was overweight, even classified as “obese.” However at the age of 14, Campolo turned his life around. As he...

Advertisement join yolo

Copyright © 2020 Yolo Daily - The #1 Digital Magazine For Millennial News & Culture - A part of the Disrupt Magazine family of online podcasts & publications.