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Thursday, Mar 28, 2024
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Sequenom Puts Shares on the Market

Sequenom Inc. stock jumped more than 12 percent April 25 on the news that it is raising $20 million in a sale of common stock.

The genetic analysis company is selling 6.7 million shares at $3 per share. The company expects proceeds of the sale to be $18.4 million after placement agents’ fees and other expenses. The commitments came from new and existing institutional investors.

Stock, listed as SQNM on the Nasdaq, traded at $3.33, up 37 cents at midday.

, Katie Weeks

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