UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): June 15, 2016

 

 

AVINGER, INC.

(Exact name of Registrant as specified in its charter)

 

 

Delaware

 

0001-36817

 

20-8873453

(State or other jurisdiction of
incorporation or organization)

 

(Commission
File Number)

 

(I.R.S. Employer
Identification Number)

 

400 Chesapeake Drive

Redwood City, California 94063

(Address of principal executive office) (Zip Code)

 

(650) 241-7900

(Registrant’s telephone number, including area code)

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


 

Item 2.03.                                        Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

On June 15, 2016, Avinger, Inc. (the “Company”) drew down $10 million from its term loan facility under that certain term loan agreement with CRG Partners III L.P. and certain of its affiliated funds (collectively, “CRG”), pursuant to which Avinger may borrow up to $50 million. The $10 million drawdown is intended to fund continued commercialization of Pantheris, the Company’s image-guided atherectomy system. This drawdown increased the total principal amount outstanding under the term loan facility to $40 million.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

AVINGER, INC.

 

 

 

 

By:

/s/Jeffrey M. Soinski

 

 

Jeffrey M. Soinski

 

 

President and Chief Executive Officer

 

Date:  June 17, 2016

 

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