UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
March 8, 2016
AVINGER, INC.
(Exact name of registrant as specified in its charter)
Delaware |
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001-36817 |
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20-8873453 |
(State or other jurisdiction |
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(Commission |
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(IRS Employer |
400 Chesapeake Drive
Redwood City, California 94063
(Address of principal executive offices, including zip code)
(650) 241-7900
(Registrants telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01. OTHER EVENTS
On March 9, 2016, Avinger, Inc. (the Company) filed a prospectus supplement to its base prospectus, both dated March 8, 2016, with the Securities and Exchange Commission related to an at the market offering (the Offering) of up to an aggregate of $50,000,000 in shares of the Companys common stock, par value $0.001 per share (the Shares). The Offering will be made pursuant to a sales agreement (the Agreement) between the Company and Cowen and Company, LLC (Cowen) under the Companys previously filed and effective Registration Statement on Form S-3 (File No. 333-209368). The Company is not obligated to make any sales of the Shares under the Agreement. Subject to the terms and conditions of the Agreement, Cowen will act as sales agent and use commercially reasonable efforts to sell on the Companys behalf all of the shares of common stock requested to be sold by the Company, consistent with its normal trading and sales practices, on mutually agreed upon terms between Cowen and the Company.
This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Shares in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
A copy of the opinion of Wilson Sonsini Goodrich & Rosati, Professional Corporation, relating to the validity of the issuance and sale of common stock in the offering is attached as Exhibit 5.1 hereto.
ITEM 9.01. EXHIBITS.
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(d) |
Exhibits. |
5.1 |
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Opinion of Wilson Sonsini Goodrich & Rosati, Professional Corporation. |
23.1 |
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Consent of Wilson Sonsini Goodrich & Rosati, Professional Corporation (included in Exhibit 5.1). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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AVINGER, INC. | |
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By: |
/s/ Jeffrey M. Soinski |
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Jeffrey M. Soinski |
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Chief Executive Officer |
Dated: March 9, 2016 |
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Exhibit 5.1
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650 Page Mill Road Palo Alto, CA 94304-1050 PHONE 650.493.9300 FAX 650.493.6811 www.wsgr.com |
March 9, 2016
Avinger, Inc.
400 Chesapeake Drive
Redwood City, California 94063
Re: Registration Statement on Form S-3
Ladies and Gentlemen:
We have acted as counsel to Avinger, Inc., a Delaware corporation (the Company), in connection with preparation and filing of a Registration Statement on Form S-3 (File No. 333-209368) (the Registration Statement) with the Securities and Exchange Commission (the Commission) pursuant to the Securities Act of 1933, as amended (the Securities Act), and the Prospectus Supplement filed pursuant to Rule 424(b) under the Securities Act, dated March 8, 2016 (the Prospectus Supplement), relating to the sale by the Company of shares of its common stock, par value $0.001 per share (the Common Stock) having an aggregate offering price of up to $50,000,000 (the Shares).
The offering and sale of the Shares are being made pursuant to that certain Sales Agreement, dated as of February 3, 2016 (the Sales Agreement), by and between the Company and Cowen and Company, LLC (Cowen).
We have examined copies of the Sales Agreement, the Registration Statement and the Prospectus Supplement. We have also examined instruments, documents and records which we deem relevant and necessary for the basis of our opinion hereinafter expressed. In such examination, we have assumed (i) the authenticity of original documents and the genuineness of all signatures, (ii) the conformity to the originals of all documents submitted to us as copies, and (iii) the truth, accuracy, and completeness of the information, representations and warranties contained in the records, documents, instruments and certificates we have reviewed.
Based on and subject to the foregoing, we are of the opinion that the Shares have been duly authorized by the Company, and when issued and delivered by the Company against payment therefor in accordance with the terms of the Sales Agreement, will be validly issued, fully paid and nonassessable.
We express no opinion as to the laws of any other jurisdiction other than the federal laws of the United States of America and the General Corporation Law of the State of Delaware.
We hereby consent to the use of this opinion as an exhibit to the Companys Current Report on Form 8-K, filed on or about March 9, 2016, for incorporation by reference into the Registration Statement. In giving our consent, we do not believe that we are experts within the meaning of such term as used in the Securities Act or the rules and regulations of the Commission issued thereunder with respect to any part of the Registration Statement, including this opinion as an exhibit.
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Sincerely, |
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WILSON SONSINI GOODRICH & ROSATI |
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Professional Corporation |
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/s/ Wilson Sonsini Goodrich & Rosati, P.C. |