--- 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" generated_at: "2026-05-26T23:58:53.907810+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # Avinger transfers all assets to creditor trust; CEO, CTO, VP Finance terminated; entire board resigns ## Summary - 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. ## SEC filing metadata - accession: 0001437749-25-003321 - form_type: 8-K - cik: 0001506928 - company_name: Avinger Inc - filed_at: 2025-02-10T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.01, 1.03, 2.01, 4.01, 5.02, 5.07, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001437749-25-003321 - JSON: https://secwatch.observer/filing/0001437749-25-003321.json - Plain text: https://secwatch.observer/filing/0001437749-25-003321.txt ## Key facts - Auditor Changes Avinger Inc dismissed Moss Adams LLP as its auditor. - Action: dismissal - Auditor: Moss Adams LLP source text: Moss Adams LLP (“Moss Adams”) terminated its engagement as the Company’s independent registered public accounting firm. evidence_url: https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm - Distress & Bankruptcy Avinger Inc entered receivership (petition 2025-02-10). - Proceeding: receivership - Petition: 2025-02-10 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm - Executive change Nabeel Subainati was terminated as Vice President, Finance at Avinger Inc. - Action: terminated - Role: Vice President, Finance source text: 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_url: https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm - Executive change James G. Cullen resigned as Director at Avinger Inc. - Action: resigned - Role: Director source text: 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_url: https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm - Executive change Tamara N. Elias resigned as Director at Avinger Inc. - Action: resigned - Role: Director source text: 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_url: https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm - Executive change Jeffrey M. Soinski was terminated as Chief Executive Officer at Avinger Inc. - Action: terminated - Role: Chief Executive Officer source text: 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_url: https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm - Executive change James B. McElwee resigned as Director at Avinger Inc. - Action: resigned - Role: Director source text: 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_url: https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm - Executive change Jeffrey M. Soinski resigned as Director at Avinger Inc. - Action: resigned - Role: Director source text: 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_url: https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm - Executive change Jonathon Zhong Zhao resigned as Director at Avinger Inc. - Action: resigned - Role: Director source text: 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_url: https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm - Executive change Himanshu Patel was terminated as Chief Technology Officer at Avinger Inc. - Action: terminated - Role: Chief Technology Officer source text: 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_url: https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.