{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-003321","form_type":"8-K","ticker":null,"cik":"0001506928","company_name":"Avinger Inc","filed_at":"2025-02-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.829887+00:00","generated_at":"2026-05-26T23:58:53.907810+00:00","sec_items":["1.01","1.03","2.01","4.01","5.02","5.07","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Avinger transfers all assets to creditor trust; CEO, CTO, VP Finance terminated; entire board resigns","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-003321","json":"https://secwatch.observer/filing/0001437749-25-003321.json","markdown":"https://secwatch.observer/filing/0001437749-25-003321.md","text":"https://secwatch.observer/filing/0001437749-25-003321.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/avgr20250208_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T23:58:53.907810+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bc27748f1a4c40044eb535727b53978322b35883","claim":"Avinger Inc dismissed Moss Adams LLP as its auditor.","evidence_excerpt":"Moss Adams LLP (“Moss Adams”) terminated its engagement as the Company’s independent registered public accounting firm.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"dismissal"},{"label":"Auditor","value":"Moss Adams LLP"}],"fact_type":"auditor_change"},{"claim_id":"da7ee2f11d983f024eb08a5ac8b4c25487dc3d30","claim":"Avinger Inc entered receivership (petition 2025-02-10).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"receivership"},{"label":"Petition","value":"2025-02-10"}],"fact_type":"distress_event"},{"claim_id":"23fb6bc1d5","claim":"Nabeel Subainati was terminated as Vice President, Finance at Avinger Inc.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Vice President, Finance"}],"fact_type":"executive_change"},{"claim_id":"48dae11a06","claim":"James G. Cullen resigned as Director at Avinger Inc.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"67f8af5e79","claim":"Tamara N. Elias resigned as Director at Avinger Inc.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"8fff82b9eb","claim":"Jeffrey M. Soinski was terminated as Chief Executive Officer at Avinger Inc.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"b6d9253028","claim":"James B. McElwee resigned as Director at Avinger Inc.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c418691d65","claim":"Jeffrey M. Soinski resigned as Director at Avinger Inc.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"e7cbb66004","claim":"Jonathon Zhong Zhao resigned as Director at Avinger Inc.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"ff41c378af","claim":"Himanshu Patel was terminated as Chief Technology Officer at Avinger Inc.","evidence_excerpt":"On February 7, 2025, the Company terminated the employment of Himanshu Patel, the Company’s Chief Technology Officer, effective as of February 7, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Technology Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}