Sequenom in Danger of Being Demoted to Small-Cap Market

Sequenom risks receiving a letter from the Nasdaq exchange warning the company of possible delisting if it fails to close above $1 by the end of trading on Sept. 17.

“There seems to be a threshold out there in the market place that is keeping us from closing above $1,” said a Sequenom spokesperson. “We’ve hit above $1 a few times in the past week or so, but we haven’t been able to close above $1.”

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