An update from Avinger (AVGR) is now available.
On May 16, 2024, Avinger, Inc. struck a deal with CRG Partners to issue new Series H convertible preferred stock, converting $11 million of existing debt into equity to strengthen its balance sheet. This strategic move allows lenders to convert preferred stock into common shares, with provisions to ensure company control is maintained. The preferred stock comes with an 8% annual dividend and sets the stage for preferential treatment in case of company liquidation or change in control, solidifying investor confidence and aligning with Nasdaq’s equity requirements.
See more data about AVGR stock on TipRanks’ Stock Analysis page.
