Nasdaq says World Heart stock fails to meet minimum price

By Ted A. Knutson

Washington, Nov. 29 - World Heart Corp. announced Tuesday it has received a notice from Nasdaq stating that for the last 30 consecutive business days the bid price of the company's common stock has closed below the minimum $1.00 per share required for continued listing.

World Heart will have 180 calendar days until May 30, 2006 to regain compliance. If at anytime before that date the bid price of the company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, the company may regain compliance.

If compliance is not regained by May 30, 2006, Nasdaq staff will provide written notification that World Heart's common stock will be delisted, and at that time the company may appeal, the company said in an 8-K filed with the Securities and Exchange Commission.

Oakland, Calif.-based World Heart is a developer of mechanical circulatory support systems.

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