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Sequans Communications S A - SQNS STOCK NEWS

Welcome to our dedicated page for Sequans Communications S A news (Ticker: SQNS), a resource for investors and traders seeking the latest updates and insights on Sequans Communications S A stock.

Sequans Communications S.A. (NYSE: SQNS) is a leading designer of cellular IoT chips and modules, enabling 4G/5G connectivity for global industries. This page aggregates all company announcements, financial updates, and technology developments in one centralized location.

Investors and industry professionals will find timely updates on earnings reports, product launches, and strategic partnerships. Our curated collection includes press releases covering technological innovations, market expansions, and corporate milestones relevant to SQNS stakeholders.

Key content categories include quarterly financial results, IoT semiconductor advancements, licensing agreements, and operational updates. All materials are sourced directly from Sequans' communications and verified financial channels to ensure reliability.

Bookmark this page for streamlined access to Sequans' latest developments in cellular connectivity solutions. Check back regularly for real-time updates that matter to your investment and market analysis decisions.

Rhea-AI Summary
Renesas Electronics Corporation (TSE: 6723) and Sequans Communications S.A. (NYSE: SQNS) have extended the expiration date of the tender offer to acquire all outstanding ordinary shares of Sequans for $0.7575 per ordinary share and American Depositary Shares (ADSs) of Sequans for $3.03 per ADS in cash. The Taiwan Fair Trade Commission has given regulatory clearance to the proposed acquisition. As of December 4, 2023, approximately 38.8% of the fully diluted ordinary shares of Sequans have been validly tendered and not withdrawn.
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Rhea-AI Summary
Renesas Electronics Corporation (TSE: 6723) and Sequans Communications S.A. (NYSE: SQNS) have extended the expiration date of the tender offer to acquire all outstanding ordinary shares of Sequans for $0.7575 per ordinary share and American Depositary Shares (ADSs) of Sequans for $3.03 per ADS in cash. The offer has been extended to December 6, 2023, allowing additional time for the satisfaction of closing conditions, including regulatory approvals and the valid tender of at least 90% of the fully diluted ordinary shares of Sequans.
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Renesas Electronics Corporation has extended the expiration date of its tender offer to acquire all outstanding ordinary shares of Sequans Communications. Shareholders will receive $0.7575 per ordinary share and $3.03 per ADS in cash. The tender offer has been extended until November 21, 2023, to allow for the satisfaction of remaining closing conditions.
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Sequans Communications S.A. announced financial results for Q3 2023. Revenue was $7.8 million, a decrease of 15.0% compared to Q2 2023 and a decrease of 52.9% compared to Q3 2022. Gross margin was 85.8%. Operating loss was $7.8 million. Net loss was $9.6 million. Non-IFRS net loss was $6.8 million. Cash and cash equivalents totaled $6.7 million.
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Renesas extends tender offer to acquire Sequans shares
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Renesas extends tender offer to acquire Sequans
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Renesas Electronics Corporation and Sequans Communications announced a tender offer to acquire all outstanding shares of Sequans for $0.7575 per ordinary share and $3.03 per ADS in cash.
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Sequans Communications S.A. has announced that Renesas Electronics Corporation proposed an offer in the memorandum of understanding, which the Board of Directors considers consistent with Sequans' business objectives. Renesas intends to commence a tender offer in September 2023 to acquire all outstanding ordinary shares and ADSs of Sequans for $3.03 in cash per ADS and $0.7575 per ordinary share.
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Sequans signs MOU with Renesas for a tender offer transaction. Q2 2023 revenue decreases by 23% to $9.2 million. Gross margin improves to 82.3%. Operating loss of $5.4 million. Net loss of $9.1 million. Cash and cash equivalents at $7.9 million.
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Sequans Communications S A

NYSE:SQNS

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48.02M
24.20M
3.73%
60.72%
0.15%
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