Verenium shares close down 17.5% on dilution worries

Verenium Corporation’s stock price closed down 17.5% to $5.44 a share at the end of Tuesday trading, as investors reacted negatively to its announcement of plans to offer 2.25 million shares of its common stock and warrants to purchase up to 900,000 shares at a price of $6.00 a unit.

Published: Tuesday, October 6 2009