Monday, June 23, 2008

Worldheart In $30M Recap

Oakland-based World Heart Corporation, a developer of mechanical blood pumps, said Monday that the firm has recapitalized the firm, with a $30M investment by the firm's investors. According to WorldHeart, venture capital firm Venrock will invest approximately $10M, and Special Situations Fund will invest $9M, as part of the overall deal, which will also include its other investors. WorldHeart was recently delisted from the Toronto Stock Exchange is has been warned about delisting on the Nasdaq.