Avinger raises $5.4M via at-the-market facility

Avinger has raised gross proceeds of approximately $5.3M through its at-the-market facility in September 2023, selling an aggregate of 596,200 shares of common stock at a weighted average price of $8.97. Net proceeds from the transactions were approximately $5.2 million after deducting sales commissions. The shares were sold under the ATM facility based on trading activities in the preceding week. Following the sales, Avinger has approximately 1,223,031 shares of common stock outstanding as of September 26, 2023. H.C. Wainwright & Co. served as the exclusive sales agent for the ATM transactions.