Avinger, Inc. Announces Proposed Public Offering of Common Stock

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Go back to Avinger, Inc. Announces Proposed Public Offering of Common Stock

Avinger (AVGR) Prices 8.57M Common Stock Offering at $3.50/Share

August 11, 2016 8:31 AM EDT

Avinger, Inc. (Nasdaq: AVGR) announced the pricing of its public offering of 8,572,000 shares of its common stock at a price to the public of $3.50 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to 1,285,800 additional shares of its common stock. The Company expects to close the offering on August 16, 2016, subject to customary closing conditions.

The Company expects to use the net proceeds from the offering for general corporate purposes, including working... More