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Stock impact report

Avinger Fall 26% Wednesday; Registered Direct Offering and Reverse Split Planned [MarketWatch]

Avinger, Inc. (AVGR) 
Last avinger, inc. earnings: 8/8 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.avinger.com
Company Research Source: MarketWatch
a $7.6 million registered direct offering of preferred stock and warrants, and plans for a reverse stock split. The stock was recently at 37 cents after hours. Avinger expects to call a special meeting for a vote on the reverse split, with a potential ratio ranging from 1-for-5 to 1-for-20. Write to Josh Beckerman at josh.beckerman@wsj.com By Josh Beckerman Shares of medical device company Avinger Inc. fell 26% to 36 cents during the regular session Wednesday after it announced a $7.6 million registered direct offering of preferred stock and warrants, and plans for a reverse stock split. The stock was recently at 37 cents after hours. Avinger expects to call a special meeting for a vote on the reverse split, with a potential ratio ranging from 1-for-5 to 1-for-20. Write to Josh Beckerman at josh.beckerman@wsj.com Show less Read more
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