WorldHeart (Oakland, California) has submitted an application to transfer the listing of its common shares to the Nasdaq Capital Market. Last month WorldHeart received a notice indicating that for the quarter ended Sept. 30 the company's stockholders' equity did not comply with Nasdaq's minimum $10 million equity requirement for continued listing.
Transfer to the Nasdaq Capital Market would give WorldHeart about 180 days to comply with the minimum bid price rule. If approved, WorldHeart will begin trading on the Nasdaq Capital Market under its current trading symbol WHRT.
WorldHeart develops mechanical circulatory support systems.
HEI eyes options
HEI (Minneapolis) received notice from the Nasdaq indicating that its stockholders’ equity did not comply with the minimum $10 million stockholders’ equity requirement for continued listing on The Nasdaq Global Market. The company said it is considering its options to regain compliance, including applying to transfer its common stock to The Nasdaq Capital Market if the company satisfies the requirements for inclusion there. The application to transfer the company’s listing to The Nasdaq Capital Market is by Dec. 20.
HEI makes microelectronics, subsystems, systems, connectivity and software solutions for OEMs engaged in the equipment and medical device, hearing, communications and industrial markets.