Shares of SeqLL were trading higher on the Nasdaq Monday after the news that the company’s board set Sept. 26 as the record date for a special stock dividend and cash dividend.
At 12:43 p.m. ET, SeqLL shares were trading 36% higher, at $18.04 per share. Volume at the time topped 2.6 million shares, above the stock’s 65-day average volume of 19,727 shares.
The company said a dividend distribution of shares of common stock and the cash dividend will be made to all SeqLL common stockholders of record as of the close of business on Sept 26.
The dividend and cash payment will be made in connection with the company’s previously announced deal to acquire Lyneer Investments.