AVGR Avinger Inc

IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces an Investigation of Avinger, Inc. and Advises Investors with Losses to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)--

Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Avinger, Inc. (“Avinger” or the “Company”) (Nasdaq: AVGR) concerning possible violations of federal securities laws.

To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or by email at [email protected].

On January 30, 2015, Avinger had its Initial Public Offering (“IPO”) at $13 per share. On July 12, 2016, the Company announced second quarter revenue and lowered its sales guidance for 2016 from $25-30 million to $19-23 million, due in part to lower than anticipated sales of its Pantheris device. When this information was announced, Avinger’s stock price plunged nearly 40%, from $11.43 per share to $6.89 per share. Avinger stock has continued to decline. On May 3, 2017, the stock closed at $0.57 per share, a decline of over 95% from the IPO price. When this information reached the public, shares of Avinger again decreased in value.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

EN
08/05/2017

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