300M share sale by WorldHeart

July 2008
Cardiovascular Devices & Drugs;Jul2008, Vol. 14 Issue 7, p24
The article reports on the plan of Oakland, California-based mechanical blood pumps manufacturer WorldHeart to sell 300 million shares of common stock for $30 million. The decision to sale was made by the company in a bid to raise funds to be able to continue its operations. The company has pulled out its stocks from the Toronto Stock Exchange and has the possibility of being delisted by the Nasdaq. Under a deal, Venrock Partners and Special Situation Funds will invest in the firm through several associated funds and corporate entities.


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