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Aegis Capital Corp. acted as Sole Bookrunner on a $5.2 Million Follow-On Offering for Avinger Inc. (NASDAQ: AVGR)

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Aegis Capital Corp. has acted as the Sole Bookrunner for a $5.2 million follow-on offering for Avinger Inc. (NASDAQ:AVGR). Avinger is a medical device company focusing on image-guided systems for the diagnosis and treatment of Peripheral Artery Disease (PAD), which affects over 12 million people in the U.S. Avinger's Lumivascular platform comprises the Lightbox imaging console, Ocelot CTO catheters, and Pantheris atherectomy devices, aiming to revolutionize vascular disease treatment.

Positive
  • Successfully raised $5.2 million through follow-on offering.
  • Avinger targets a significant market with over 12 million PAD patients in the U.S.
Negative
  • None.

NEW YORK, NY / ACCESSWIRE / August 31, 2020 / Aegis Capital Corp. acted as Sole Bookrunner on a $5.2 Million Follow-On Offering for Avinger Inc. (NASDAQ:AVGR)

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.

About Aegis Capital Corp.

Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research and sales and trading services to institutional investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services.

For more information about this offering or Investment Banking Services please email InvestmentBanking@aegiscap.com or call (212) 813-1010

www.aegiscapcorp.com

This communication has been prepared by Aegis Capital Corporation for distribution to Aegis Capital Corporation's clientele. This communication is not intended for public dissemination and the recipient is prohibited from sharing this information. This communication has been prepared for institutional - accounts, as defined within FINRA Rule 4512(c), who (1) are capable of evaluating investment risks independently, both in general and with regard to all transactions and investment strategies involving a security or securities; and (2) will exercise independent judgment in evaluating the recommendations of any broker - dealer or its associated persons. This communication is not a product of Aegis Capital Corporation Research Department. Aegis Capital Corporation., Member FINRA, SIPC

SOURCE: Aegis Capital Corp.



View source version on accesswire.com:
https://www.accesswire.com/604061/Aegis-Capital-Corp-acted-as-Sole-Bookrunner-on-a-52-Million-Follow-On-Offering-for-Avinger-Inc-NASDAQ-AVGR

FAQ

What was the amount raised in Avinger Inc.'s recent offering?

Avinger Inc. raised $5.2 million in a follow-on offering.

Who acted as the bookrunner for Avinger's follow-on offering?

Aegis Capital Corp. acted as the Sole Bookrunner for Avinger's follow-on offering.

What is Avinger Inc.'s focus area in the medical device market?

Avinger Inc. focuses on image-guided systems for the diagnosis and treatment of Peripheral Artery Disease (PAD).

How many people in the U.S. are affected by Peripheral Artery Disease?

Peripheral Artery Disease affects over 12 million people in the U.S.

What products are included in Avinger's Lumivascular platform?

Avinger's Lumivascular platform includes the Lightbox imaging console, Ocelot CTO catheters, and Pantheris atherectomy devices.

Avinger, Inc.

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Medical Instruments & Supplies
Surgical & Medical Instruments & Apparatus
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United States of America
REDWOOD CITY