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June 22, 2022

Quantum-Si to join Russell 2000 Index

Jonathan Rothberg
By Liese Klein

Guilford-based Quantum-Si Inc. announced Wednesday it would join the Russell 2000 Index, an index of small-cap publicly traded companies.

Founded by Jonathan Rothberg to commercialize protein-sequencing technology, Quantum-Si has been publicly traded for a year and has a current market cap of about $400 million. 

The 2000 Russell index, part of global index provider FTSE Russell, is used by investment managers and institutional investors. Quantum-Si will join the index when it is reconstituted on June 27.

Rothberg, who is serving as the company’s interim CEO, said, “Joining the Russell 2000 Index is an important validation of our commitment to increasing shareholder value and advancing our next-generation, single-molecule protein-sequencing platform.”

Rothberg took the top job in February after the former CEO John Stark resigned to  “pursue other opportunities,” according to Rothberg. 

Quantum-Si went public in June 2021, merging with New York-based HighCape Capital Acquisition Corp. in a SPAC deal worth $1.46 billion.

Contact Liese Klein at lklein@newhavenbiz.com.
 

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