Avinger Inc: Nasdaq/NYSE listing notice — Avinger receives Nasdaq delisting notice for equity shortfall; hearing stay sought

Avinger Inc

Nasdaq Staff notified Avinger on Nov 21, 2023, that it failed the $2.5M stockholders' equity continued listing requirement.
Delisting of common stock (AVGR) set for Nov 30, 2023, unless a hearing is timely requested.
Company plans to request a hearing before the Nasdaq Hearings Panel to stay delisting and present a compliance plan.
Prior extension to regain compliance expired Nov 14, 2023; no assurance of panel approval or future compliance.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Avinger Inc received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: stockholders equity
Rules: 5550(b)

Exact text from the filing

November 21, 2023, the Staff formally notified the Company that the Staff had determined that the Company was unable to demonstrate compliance with the Equity Requirement and that the Company’s securities would be delisted at the open of business on November 30, 2023, unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). The Company plans to timely request a hearing before the Panel, which request will automatically stay any further action by Nasdaq at least pending the conclusion of the hearing and the expiration of any extension period that may be grant

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Source: SEC EDGAR

accession 0001437749-23-033066

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