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home / news releases / AVGR - Avinger reduces outstanding dues by 12% on debt to equity conversion

AVGR - Avinger reduces outstanding dues by 12% on debt to equity conversion

Avinger Inc.

2023-08-04 10:07:11 ET

  • Commercial-stage medical device company Avinger ( NASDAQ: AVGR ) on Friday announced the conversion of about 12% of existing debt with CRG Partners III into shares of a new series of convertible preferred stock.
  • The conversion reduces the outstanding principal amount of debt by $1.92 million, in exchange for 1,920 shares of Avinger Series E convertible preferred stock.
  • The December 31, 2025 maturity date of the term loan and other covenants remain unchanged.
  • AVGR +3.3% premarket to $0.7156
  • Source: Press Release

For further details see:

Avinger reduces outstanding dues by 12% on debt to equity conversion
Stock Information
Company Name: Avinger Inc.
Stock Symbol: AVGR
Market: NASDAQ
Website: avinger.com
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