Sequans Communications S A Stock Price, News & Analysis

Sequans Communications (NYSE:SQNS), a leading provider of 4G and 5G semiconductors and modules for IoT, will participate in a fireside chat with Roth Capital Partners on July 16, 2025 at 11:00 a.m. ET.

The discussion will focus on the company's recently announced bitcoin treasury initiative and its semiconductor cellular IoT business. Investors can join via live webcast, and a replay will be available on the company's website after the event.

Sequans Communications (NYSE: SQNS), a cellular IoT semiconductor provider, has announced the launch of its bitcoin treasury program with an initial purchase of 370 BTC. The acquisition was funded through proceeds from the company's recent offering of ordinary shares and convertible debentures that closed on July 7, 2025.

The company plans to expand its bitcoin holdings to over 3,000 BTC in the coming weeks. To facilitate this initiative, Sequans has partnered with Coinbase Prime as its custodian, utilizing their institutional-grade custody and prime brokerage platform for secure digital asset management.

Sequans Communications (NYSE: SQNS) has successfully closed a significant $384 million strategic investment to launch a Bitcoin treasury initiative. The financing consists of a $195 million PIPE (Private Investment in Public Equity) and $189 million in convertible debentures due July 7, 2028.

The transaction included the sale of 139,444,614 American Depositary Shares at $1.40 per ADS with common warrants. The convertible debentures feature a conversion price of $2.10 per ADS. If all common warrants are exercised, Sequans could receive an additional $57.6 million in gross proceeds.

The company plans to use the net proceeds primarily to purchase Bitcoin as part of its treasury strategy, partnering with Swan Bitcoin for execution and governance. The offering attracted over 40 institutional investors, with Northland Capital Markets and B. Riley Securities serving as joint lead placement agents.

Sequans Communications (NYSE: SQNS), a cellular IoT semiconductor solutions provider, has appointed Jason W. Cohenour to its Board of Directors. Cohenour brings over 30 years of executive leadership experience, notably serving as President, CEO, and Director of Sierra Wireless from 2005 to 2018, where he led a transformation that grew company revenues to nearly $800 million.

Cohenour currently serves as Lead Independent Director at Blackline Safety (TSX: BLN) and has previously held board positions at Lantronix, CalAmp, and RF Industries. The appointment comes as Sequans aims to accelerate its growth in the cellular IoT semiconductor market. The company also announced the departure of Dominique Pitteloud from the Board after 20 years of service.

Sequans Communications (NYSE: SQNS) has announced a major strategic shift with a $384M investment to establish a bitcoin treasury initiative alongside its core IoT semiconductor business. The investment comprises $195M in equity securities and $189M in convertible secured debentures through private placements. The company will partner with Swan Bitcoin for treasury management solutions. The offering includes the sale of 139,285,714 American Depositary Shares at $1.40 per ADS and various warrants, with closing expected around July 1, 2025, subject to shareholder approval. CEO Georges Karam emphasized the company's belief in bitcoin as a premier asset while maintaining commitment to their core IoT semiconductor business.

Sequans Communications (NYSE: SQNS) has received a notice of non-compliance from the NYSE on June 5, 2025, due to failing to meet listing requirements under Section 802.01B. The company's average global market capitalization fell below $50 million over a 30-day trading period while simultaneously having stockholders' equity below $50 million. While this notice doesn't trigger immediate delisting, Sequans has 90 days to submit a business plan to the NYSE demonstrating how it will regain compliance within 9 months. The NYSE will review the plan within 45 days to determine if it's reasonable. During this period, Sequans' ADSs will continue trading on the NYSE, subject to compliance with other listing standards and periodic review of progress.

Sequans Communications (NYSE: SQNS) reported Q1 2025 preliminary financial results with revenue of $8.1 million, up 33.6% year-over-year but down 27.1% from Q4 2024. The company achieved product revenue growth of 42.2% year-over-year to $3.5 million, driven by Monarch 2 projects and Calliope 2 pre-production shipments. Gross margin was 64.5%, and operating loss was $6.8 million. The company's 3-year revenue pipeline expanded to approximately $480 million, with over half representing design-wins. For Q2 2025, management expects revenue between $8-9 million. Cash position stood at $45.9 million as of March 31, 2025, compared to $62.1 million at the end of 2024. The company anticipates revenue acceleration in H2 2025 and into 2026, supported by growing production projects and strong customer interest in their next-generation 5G eRedCap platforms.

Sequans Communications (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, has filed its Annual Report on Form 20-F for the year ended December 31, 2024 with the Securities and Exchange Commission.

The report is now accessible through multiple channels:

• The company's website www.sequans.com (Investors section under SEC Filings)
• The SEC's website www.sec.gov

Shareholders can request a free printed copy of the annual report, which includes complete 2024 audited financial statements, by either:

• Visiting the Investors section on Sequans' website
• Sending an email to IR@sequans.com

Sequans Communications (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, has scheduled its first quarter 2025 financial results release for Tuesday, May 6, 2025, during pre-market hours. The company will host a conference call at 8:00 a.m. ET/14:00 CET to discuss the results.

Investors can access the call through U.S. toll-free number 800-717-1738 or international number +1 646-307-1865 using access code 80940. A live and archived webcast will be available on Sequans' Investor Relations website, with an audio replay accessible until May 13, 2025.