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Avinger Executives Waive Rights Amid Liquidation Plans

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Avinger Executives Waive Rights Amid Liquidation Plans

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Avinger ( (AVGR) ) just unveiled an update.

On December 11, 2024, Avinger announced that its named executive officers, Jeffrey M. Soinski, Himanshu Patel, and Nabeel Subainati, executed waivers concerning certain rights and benefits under their agreements. These waivers are in connection with a potential assignment for the benefit of creditors, followed by a voluntary dissolution and liquidation. The officers agreed that the transfer of the company’s assets for liquidation will not trigger a change of control, and they waived various benefits, including severance payments and retention bonuses.

More about Avinger

YTD Price Performance: -76.46%

Average Trading Volume: 252,810

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $2.11M

For detailed information about AVGR stock, go to TipRanks’ Stock Analysis page.

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