Item 8.01. Other Events.

On August 4, 2022, Avinger, Inc. (the "Company") issued a press release announcing the Company's entry into a securities purchase agreement with a single institutional investor for the purchase and sale of 1,484,019 shares of its common stock at a purchase price of $1.752 per share (or pre-funded warrants in lieu thereof) and associated preferred investment options in a registered direct offering priced at-the-market under Nasdaq rules. In a concurrent private placement, the Company also agreed to issue and sell to the investor 1,369,864 shares of common stock at the same purchase price as in the registered direct offering (or pre-funded warrants in lieu thereof).

In addition, the Company has agreed to issue to the investor in the offerings unregistered series A preferred investment options to purchase up to 2,853,883 additional shares of the Company's common stock and series B preferred investment options to purchase up to 2,853,883 additional shares of the Company's common stock. The Series A preferred investment options have an exercise price of $1.502 per share, will be immediately exercisable, and will expire five and one-half years from the date of issuance and the Series B preferred investment options have an exercise price of $1.502 per share, will be immediately exercisable, and will expire two years from the date of issuance.

A copy of the Company's press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.



Exhibit No.   Description
99.1            Press Release, dated August 4, 2022
104           Cover Page Interactive Data File, formatted in Inline XBRL

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