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WorldHeart Regains Compliance With the Minimum Bid Price Rule - PR Newswire

Tue, 18 Nov 2008 20:17:00 GMT

OAKLAND, Calif., Nov. 18 /PRNewswire-FirstCall/ -- World Heart Corporation ("WorldHeart" or the "Company") announced today that on November 13, 2008, the Company received a letter from The NASDAQ Stock Market ("NASDAQ") stating that the Company has regained compliance with Marketplace Rule 4310(c)(4) (the "Minimum Bid Price Rule") and has maintained a closing bid price of its ordinary shares at $1.00 per share or greater for at least 10 consecutive business days.
About World Heart Corporation
Any forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and include all statements regarding WorldHeart's ability to regain compliance with The NASDAQ Capital Market listing requirements, as well as other statements that can be identified by the use of forward-looking language, such as "believes," "feels," "expects," "may," "will," "should," "seeks," "plans," "anticipates," or "intends" or the negative of those terms, or by discussions of strategy or intentions.

WorldHeart Regains Compliance With the Minimum Bid Price Rule - CNW

Tue, 18 Nov 2008 18:51:00 GMT

OAKLAND, Calif., Nov. 18 /CNW/ -- (Nasdaq: WHRTD) World Heart Corporation ("WorldHeart" or the "Company") announced today that on November 13, 2008, the Company received a letter from The NASDAQ Stock Market ("NASDAQ") stating that the Company has regained compliance with Marketplace Rule 4310(c)(4) (the "Minimum Bid Price Rule") and has maintained a closing bid price of its ordinary shares at $1.00 per share or greater for at least 10 consecutive business days. This matter is now closed with the NASDAQ.[More...]

WorldHeart Receives Notice From the NASDAQ Stock Market Regarding Non-Compliance With Marketplace Rule 4310(C)(7)

Tue, 04 Nov 2008 22:06:00 GMT

OAKLAND, Calif., Nov. 4 /PRNewswire-FirstCall/ -- -- World Heart Corporation (the "Company") announced today that, on October 29, 2008, it had received a NASDAQ Staff Deficiency Letter indicating that the Company does not comply with Marketplace Rule 4310(c)(7).
The NASDAQ staff is reviewing the Company's eligibility for continued listing on the NASDAQ Capital Market and had asked the Company to provide, on or before November 21, 2008, the Company's specific plan to achieve and sustain compliance with all the NASDAQ Capital Market listing requirements, including the time frame for completion of the plan.
As has been previously disclosed, the Company intends to file a registration statement to register certain shares held by affiliates and others that were issued or are issuable in connection with the previously announced US$30 million private placement transaction and recapitalization.

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WorldHeart Receives Notice From the NASDAQ Stock Market Regarding Non-Compliance With Marketplace Rule 4310(c)(7)

Tue, 04 Nov 2008 20:54:00 GMT

OAKLAND, Calif., Nov. 4 /CNW/ -- (Nasdaq: WHRTD) -- World Heart Corporation (the "Company") announced today that, on October 29, 2008, it had received a NASDAQ Staff Deficiency Letter indicating that the Company does not comply with Marketplace Rule 4310(c)(7). This rule requires the Company to maintain a minimum of 500,000 publicly held shares for continued listing on the NASDAQ Capital Market. For purposes of this requirement, the number of publicly held shares excludes shares held by affiliates, including officers, directors, or ten percent shareholders. The NASDAQ staff is reviewing the Company's eligibility for continued listing on the NASDAQ Capital Market and had asked the Company to provide, on or before November 21, 2008, the ...[More...]

WorldHeart Announces Effectiveness of Reverse Stock Split

Wed, 29 Oct 2008 21:35:00 GMT

OAKLAND, Calif., Oct. 29 /CNW/ -- (Nasdaq: WHRTD) -- World Heart Corporation (WorldHeart or the Company), effected a reverse stock split of 30-to-1 after filing of articles of amendment with Industry Canada under the Canada Business Corporations Act and commenced trading on the NASDAQ Capital Market on a post-consolidation basis on October 28, 2008. The Corporation's shareholders approved the proposal for a reverse stock split at a Special Meeting of Shareholders held on October 9, 2008 and the Board of Directors determined to implement the reverse stock split at a 30-to-1 ratio. Completion of the reverse split is intended to allow WorldHeart to keep its listing on the NASDAQ Capital Market, subject to continued compliance with all of the ...[More...]