Avinger, Inc. Executes Assignment for the Benefit of Creditors; Announces Receipt of Nasdaq Delisting Notice
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Avinger, Inc. has entered into a general assignment for the benefit of creditors and received a Nasdaq delisting notice.
February 18, 2025 | 12:45 am
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Avinger, Inc. has executed an assignment for the benefit of creditors and received a Nasdaq delisting notice, indicating financial distress and potential delisting from Nasdaq.
The execution of an assignment for the benefit of creditors suggests Avinger is in financial distress, which is further compounded by the Nasdaq delisting notice. This is likely to negatively impact the stock price as it indicates severe financial instability and potential removal from a major stock exchange.
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