World Heart

WorldHeart receives notice of non-compliance with minimum bid price rule from Nasdaq

Published in Health Insurance Week, July 23rd, 2006

World Heart Corporation (WHRT) announced that it had received a notice from the Listing Qualifications Department of The Nasdaq Stock Market stating that for the last 30 consecutive business days, the bid price of the company's common shares has closed below the minimum $1.00 per share requirement for continued inclusion under Marketplace Rule 4450(a)(5).

The notice further states that pursuant to Marketplace Rule 4450(e)(2), the company will be provided 180 calendar days to regain compliance. If, before that time, the bid price of the company's common shares closes at $1.00 per share or more for a minimum of 10 consecutive business days, the company may regain...

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Source: Health Insurance Week (2006-07-23)

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