secwatch.observer — SEC 8-K summary
======================================

Issuer:     Avinger Inc (—)
CIK:        0001506928
Form:       8-K
Filed at:   2025-02-10T23:59:59+00:00
Accession:  0001437749-25-003321
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 1.03, 2.01, 4.01, 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avinger transfers all assets to creditor trust; CEO, CTO, VP Finance terminated; entire board resigns
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/0001437749-25-003321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506928/000143774925003321/avgr20250208_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-003321

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer