Sequenom implements reverse stock split

By Elaine Rigoli

Tampa, Fla., June 2 - Sequenom, Inc. announced a 1-for-3 reverse stock split of all outstanding shares of its common stock.

Fractional shares will not be issued and cash payments shall be made with respect to such fractional shares.

For the next 20 trading days, Sequenom's Nasdaq ticker symbol will be SQNMD. Upon expiration of the 20 trading day period, the ticker symbol will return to SQNM.

Sequenom said this reverse stock split is part of the company's plan to regain compliance with Nasdaq listing requirements.

San Diego-based Sequenom provides genetic analysis products.

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