World Heart Corp. (NSDQ:WHRT) has six months to get its stock price above $1 per share for 10 days in a row or face a possible delisting from the NASDAQ stock exchange.
The Oakland, Calif.-based heart pump maker said in a regulatory filing that the stock market warned it August 15 that it’s at risk of a delisting. World Heart has until Feb 13, 2012, to get its share price above a dollar for a minimum of 10 consecutive days; it could gain another 180-day reprieve if it meets all of the exchange’s other requirements.