8-K
filed February 10, 2025, 6:59 PM ET
CIK 0001506928
other material
confidence high
sentiment negative
materiality 1.00
Avinger Inc: auditor change — Avinger transfers all assets to creditor trust; CEO, CTO, VP Finance terminated; entire board resigns
Avinger Inc
- Effective Feb 10, 2025, Avinger assigned all assets to Avinger (assignment for benefit of creditors), LLC for pro-rata distribution to creditors.
- Immediate employment terminations: CTO Himanshu Patel (Feb 7), CEO Jeffrey Soinski and VP Finance Nabeel Subainati (Feb 10); each received two weeks base salary.
- Entire board (Jeffrey Soinski, James Cullen, James McElwee, Tamara Elias, Jonathon Zhao) resigned effective Feb 10, 2025.
- Moss Adams terminated as auditor; its 2022/2023 reports included going-concern doubt.
- Series E, F, H preferred stockholders consented to the assignment on Feb 10.
Key facts
Extracted from this filing and checked against the source text.
Auditor Changes
SEC 8-K Item 4.01/4.02
confidence 0.9
Avinger Inc dismissed Moss Adams LLP as its auditor.
- Action
- dismissal
- Auditor
- Moss Adams LLP
Exact text from the filing
Moss Adams LLP (“Moss Adams”) terminated its engagement as the Company’s independent registered public accounting firm.
View on SEC.gov
Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.9
Avinger Inc entered receivership (petition 2025-02-10).
- Proceeding
- receivership
- Petition
- 2025-02-10
Exact text from the filing
Effective February 10, 2025, the Board (i) determined that the transfer of all or substantially all of the Company’s assets through an assignment for the benefit of creditors was in the best interests of the Company, and (ii) authorized the Company to enter into a general assignment for the benefit of creditors (the “Assignment Agreement”), by and between the Company and Avinger (assignment for the benefit of creditors), LLC, a California limited liability company (the “Assignee”), which provides for the transfer of all or substantially all of the Company’s assets to the Assignee (the “Assignment”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Nabeel Subainati was terminated as Vice President, Finance at Avinger Inc.
- Action
- terminated
- Role
- Vice President, Finance
Exact text from the filing
On February 10, 2025, the Company terminated the employment of each of Jeffrey M. Soinski, the Company’s Chief Executive Officer and Nabeel Subainati, Vice President, Finance, effective as of February 10, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
James G. Cullen resigned as Director at Avinger Inc.
- Action
- resigned
- Role
- Director
Exact text from the filing
on February 10, 2025, Jeffrey M. Soinski, James G. Cullen, James B. McElwee, Tamara N. Elias and Jonathon Zhong Zhao each provided notice of his/her decision to resign from the Board and all committees thereof, effective as of February 10, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Tamara N. Elias resigned as Director at Avinger Inc.
- Action
- resigned
- Role
- Director
Exact text from the filing
on February 10, 2025, Jeffrey M. Soinski, James G. Cullen, James B. McElwee, Tamara N. Elias and Jonathon Zhong Zhao each provided notice of his/her decision to resign from the Board and all committees thereof, effective as of February 10, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jeffrey M. Soinski was terminated as Chief Executive Officer at Avinger Inc.
- Action
- terminated
- Role
- Chief Executive Officer
Exact text from the filing
On February 10, 2025, the Company terminated the employment of each of Jeffrey M. Soinski, the Company’s Chief Executive Officer and Nabeel Subainati, Vice President, Finance, effective as of February 10, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
James B. McElwee resigned as Director at Avinger Inc.
- Action
- resigned
- Role
- Director
Exact text from the filing
on February 10, 2025, Jeffrey M. Soinski, James G. Cullen, James B. McElwee, Tamara N. Elias and Jonathon Zhong Zhao each provided notice of his/her decision to resign from the Board and all committees thereof, effective as of February 10, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jeffrey M. Soinski resigned as Director at Avinger Inc.
- Action
- resigned
- Role
- Director
Exact text from the filing
on February 10, 2025, Jeffrey M. Soinski, James G. Cullen, James B. McElwee, Tamara N. Elias and Jonathon Zhong Zhao each provided notice of his/her decision to resign from the Board and all committees thereof, effective as of February 10, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jonathon Zhong Zhao resigned as Director at Avinger Inc.
- Action
- resigned
- Role
- Director
Exact text from the filing
on February 10, 2025, Jeffrey M. Soinski, James G. Cullen, James B. McElwee, Tamara N. Elias and Jonathon Zhong Zhao each provided notice of his/her decision to resign from the Board and all committees thereof, effective as of February 10, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Himanshu Patel was terminated as Chief Technology Officer at Avinger Inc.
- Action
- terminated
- Role
- Chief Technology Officer
Exact text from the filing
On February 7, 2025, the Company terminated the employment of Himanshu Patel, the Company’s Chief Technology Officer, effective as of February 7, 2025.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.