INVER GROVE HEIGHTS, Minn.--(BUSINESS WIRE)--May 22, 2006--MedicalCV, Inc. (OTCBB:MDCV - News): Company Reaffirms Timing of FDA 510(k) Filing for Minimally Invasive System; Company Files for $30 Million Public Offering. MedicalCV, Inc. (OTCBB:MDCV - News) today announced that it has approved a one-for-ten reverse split of its common stock, applicable to shareholders of record on May 31, 2006. The reverse stock split was approved by MedicalCV’s board of directors under Minnesota law. Upon market open on June 1, 2006, MedicalCV’s common stock will begin trading on a split-adjusted basis. The Company also announced that it has filed a registration statement with the Securities and Exchange Commission for a public offering of common stock of approximately $30.0 million.
