CR Group L.P. - 04 Aug 2023 Form 4 Insider Report for Avinger Inc

Role
10%+ Owner
Signature
/s/ Nathan D. Hukill, authorized signatory for CRG Partners III L.P., CRG Partners III Parallel Fund (A) L.P., CRG Partners III (Cayman) Unlev AIV I L.P., CRG Partners III (Cayman) Lev AIV I L.P., and CRG Partners III Parallel Fund (B)(Cayman) L.P.
Issuer symbol
N/A
Transactions as of
04 Aug 2023
Net transactions value
$0
Form type
4
Filing time
09 Aug 2023, 19:08:24 UTC
Previous filing
06 Jul 2023
Next filing
21 Sep 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVGR Series E Convertible Preferred Stock Award +166 166 04 Aug 2023 Common Stock 233,180 $0.7150 By CRG Partners III ? Parallel Fund (A) L.P. F1, F2, F3
transaction AVGR Series E Convertible Preferred Stock Award +310 310 04 Aug 2023 Common Stock 432,955 $0.7150 By CRG Partners III L.P. F1, F2, F3
transaction AVGR Series E Convertible Preferred Stock Award +658 658 04 Aug 2023 Common Stock 920,130 $0.7150 By CRG Partners III (Cayman) Lev AIV I L.P. F1, F2, F3
transaction AVGR Series E Convertible Preferred Stock Award +53 53 04 Aug 2023 Common Stock 74,620 $0.7150 By CRG Partners III (Cayman) Unlev AIV I L.P. F1, F2, F3
transaction AVGR Series E Convertible Preferred Stock Award +733 733 04 Aug 2023 Common Stock 1,024,275 $0.7150 By CRG Partners III Parallel Fund (B) (Cayman) L.P. F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series E Convertible Preferred Stock (the "Series E Preferred Stock") has an original issue price of $1,000 per share and is initially convertible into 1,398 shares of Common Stock of the Issuer (the "Common Stock"), subject to customary adjustments for stock dividends and stock splits, pro rata distributions, or the occurrence of a merger, reorganization, or similar transaction. The Series E Preferred Stock is additionally subject to mandatory conversion or redemption upon the occurrence of specified events. Shares of Series E Preferred Stock cannot be converted into Common Stock if the applicable holder would beneficially own in excess of 19.99% of the Issuer's outstanding voting power, unless approved by the Company's stockholders in accordance with Nasdaq Listing Rule 5635(b). The Series E Preferred Stock have no expiration date.
F2 Pursuant to that certain Securities Purchase Agreement, dated August 2, 2023, by and among the Issuer, CRG Partners III L.P., CRG Partners III - Parallel Fund "A" L.P., CRG Partners III (Cayman) Unlev AIV I L.P., CRG Partners III (Cayman) Lev AIV I L.P. and CRG Partners III Parallel Fund "B" (Cayman) L.P. (collectively, the "CRG Entities"), the CRG Entities received these shares in exchange for the CRG Entities surrendering for cancellation of certain outstanding debt.
F3 CR Group L.P. may be deemed to beneficially own these shares by virtue of its position as the investment manager for the CRG Entities.