Sequans Communications Regains NYSE Listing Compliance
Sequans Communications (NYSE: SQNS) has successfully regained compliance with NYSE listing standards after addressing previous deficiencies in market capitalization and share price requirements. The company had fallen below the NYSE's minimum thresholds of $50 million market capitalization and $1.00 per share price on April 9, 2024.
To restore compliance, Sequans implemented two key measures: First, they adjusted their ADS ratio effective October 9, 2024, equivalent to a 1-for-2.5 reverse stock split to boost trading price. Second, they completed a $200 million strategic transaction on September 30, 2024, which significantly increased stockholders' equity and market capitalization.
The NYSE has now confirmed that Sequans, a provider of 4G and 5G semiconductors and modules for IoT, is fully compliant with all applicable listing requirements.
Sequans Communications (NYSE: SQNS) ha ripristinato con successo la conformità agli standard di quotazione della NYSE dopo aver affrontato precedenti carenze nei requisiti di capitalizzazione di mercato e prezzo delle azioni. L'azienda era scesa al di sotto delle soglie minime della NYSE di 50 milioni di dollari di capitalizzazione di mercato e 1,00 dollari per azione il 9 aprile 2024.
Per ripristinare la conformità, Sequans ha attuato due misure chiave: innanzitutto, hanno modificato il loro rapporto ADS a partire dal 9 ottobre 2024, equivalente a uno split azionario inverso di 1 per 2,5 per aumentare il prezzo di negoziazione. In secondo luogo, hanno completato una transazione strategica da 200 milioni di dollari il 30 settembre 2024, che ha significativamente aumentato il patrimonio netto degli azionisti e la capitalizzazione di mercato.
La NYSE ha ora confermato che Sequans, fornitore di semiconduttori e moduli 4G e 5G per IoT, è pienamente conforme a tutti i requisiti di quotazione applicabili.
Sequans Communications (NYSE: SQNS) ha recuperado con éxito el cumplimiento de los estándares de cotización de la NYSE tras abordar deficiencias anteriores en los requisitos de capitalización de mercado y precio de las acciones. La compañía había caído por debajo de los umbrales mínimos de la NYSE de 50 millones de dólares de capitalización de mercado y 1,00 dólar por acción el 9 de abril de 2024.
Para restaurar el cumplimiento, Sequans implementó dos medidas clave: Primero, ajustaron su relación ADS a partir del 9 de octubre de 2024, equivalente a un split inverso de 1 por 2,5 para aumentar el precio de negociación. En segundo lugar, completaron una transacción estratégica de 200 millones de dólares el 30 de septiembre de 2024, que aumentó significativamente el patrimonio de los accionistas y la capitalización de mercado.
La NYSE ha confirmado ahora que Sequans, proveedor de semiconductores y módulos 4G y 5G para IoT, cumple plenamente con todos los requisitos de cotización aplicables.
Sequans Communications (NYSE: SQNS)는 시장 자본화 및 주가 요건의 이전 결함을 해결한 후 NYSE 상장 기준 준수를 성공적으로 회복했습니다. 이 회사는 2024년 4월 9일에 5천만 달러의 시장 자본화 및 주당 1.00달러의 NYSE 최소 기준 이하로 떨어졌습니다.
준수를 복원하기 위해 Sequans는 두 가지 주요 조치를 시행했습니다. 첫째, 2024년 10월 9일부터 유효한 ADS 비율을 조정하여 거래 가격을 높이기 위해 1대 2.5의 역 분할을 실시했습니다. 둘째, 2024년 9월 30일에 2억 달러의 전략적 거래를 완료하여 주주 자본과 시장 자본화를 크게 증가시켰습니다.
NYSE는 이제 Sequans가 IoT용 4G 및 5G 반도체 및 모듈 공급업체로서 모든 적용 가능한 상장 요건을 완전히 준수하고 있다고 확인했습니다.
Sequans Communications (NYSE: SQNS) a réussi à rétablir sa conformité aux normes de cotation de la NYSE après avoir remédié à des lacunes antérieures concernant la capitalisation boursière et les exigences de prix des actions. L'entreprise était tombée en dessous des seuils minimaux de la NYSE de 50 millions de dollars de capitalisation boursière et de 1,00 dollar par action le 9 avril 2024.
Pour restaurer la conformité, Sequans a mis en œuvre deux mesures clés : Premièrement, ils ont ajusté leur ratio ADS à compter du 9 octobre 2024, équivalent à un regroupement d'actions inversé de 1 pour 2,5 pour augmenter le prix de négociation. Deuxièmement, ils ont finalisé une transaction stratégique de 200 millions de dollars le 30 septembre 2024, ce qui a considérablement augmenté les capitaux propres des actionnaires et la capitalisation boursière.
La NYSE a maintenant confirmé que Sequans, fournisseur de semi-conducteurs et de modules 4G et 5G pour l'IoT, est entièrement conforme à toutes les exigences de cotation applicables.
Sequans Communications (NYSE: SQNS) hat erfolgreich die Einhaltung der NYSE-Listing-Standards wiederhergestellt, nachdem frühere Mängel bei der Marktkapitalisierung und den Aktienkursanforderungen behoben wurden. Das Unternehmen war am 9. April 2024 unter die Mindestschwellenwerte der NYSE von 50 Millionen Dollar Marktkapitalisierung und 1,00 Dollar pro Aktie gefallen.
Um die Einhaltung wiederherzustellen, hat Sequans zwei wichtige Maßnahmen ergriffen: Erstens haben sie ihr ADS-Verhältnis ab dem 9. Oktober 2024 angepasst, was einem 1-für-2,5-Rückwärtssplit entspricht, um den Handelspreis zu erhöhen. Zweitens haben sie am 30. September 2024 eine strategische Transaktion in Höhe von 200 Millionen Dollar abgeschlossen, die das Eigenkapital der Aktionäre und die Marktkapitalisierung erheblich erhöht hat.
Die NYSE hat nun bestätigt, dass Sequans, ein Anbieter von 4G- und 5G-Halbleitern und -Modulen für IoT, vollständig mit allen geltenden Listing-Anforderungen übereinstimmt.
- Successfully regained NYSE listing compliance
- $200M strategic transaction strengthened financial position
- Effective resolution of share price issues through reverse stock split
- Previously fell below NYSE minimum market cap requirement of $50M
- Required significant corporate restructuring to maintain listing
- Stock price declined below $1.00 threshold, necessitating reverse split
Insights
Regaining NYSE compliance is a significant positive development for Sequans that removes a major risk factor for shareholders. The company successfully addressed two critical listing deficiencies: market cap/equity below
The completed
This regulatory win delivers three key benefits:
- Eliminates the existential threat of delisting, which would have severely impacted trading liquidity and institutional investor access
- Signals improved financial stability following the strategic transaction
- Allows management to refocus on operational execution rather than compliance issues
While the ADS ratio change didn't fundamentally alter Sequans' enterprise value, the underlying
Paris, France--(Newsfile Corp. - April 3, 2025) - Sequans Communications S.A. (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, announced today that it has regained compliance with the New York Stock Exchange (NYSE) continued listing standards.
"We are pleased to regain full compliance with the NYSE standards and appreciate the continued support of our investors and stakeholders as we focus on delivering value and strengthening our position as a technology leader," said Georges Karam, CEO of Sequans Communications. "We remain fully committed to executing our long-term strategy of driving innovation in the cellular IoT space and accelerating business growth."
On April 9, 2024, the NYSE notified Sequans of its non-compliance due to the Company's average global market capitalization falling below
To address these deficiencies and restore compliance, Sequans took corrective actions, including adjusting the ratio of its ordinary shares represented by ADSs, effective October 9, 2024, and increasing its stockholders' equity and market capitalization following the
Following these measures, the NYSE has confirmed that Sequans is now fully compliant with all applicable listing requirements.
Forward-Looking Statements
This press release contains certain statements that are, or may be deemed to be, forward-looking statements with respect to the financial condition, results of operations and business of Sequans, including the impact of the recently closed ACP acquisition on product innovation, growth prospects and future revenue expectations. These forward-looking statements include, but are not limited to, statements that are not historical fact. These forward-looking statements can be identified by the fact that they do not relate to historical or current facts. Forward-Looking statements also often use words such as "anticipate," "target," "continue," "estimate," "expect," "forecast," "intend," "may," "plan," "goal," "believe," "hope," "aims," "continue," "could," "project," "should," "will" or other words of similar meaning. These statements are based on assumptions and assessments made by Sequans in light of its experience and perception of historical trends, current conditions, future developments and other factors they believe appropriate. By their nature, forward-looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future and the factors described in the context of such forward-looking statements in this announcement could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct, and you are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this announcement.
Forward-Looking statements are not guarantees of future performance. Such forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Such risks and uncertainties include, but are not limited to, potential adverse reactions or changes to business relationships resulting from the completion of the transaction; significant or unexpected costs, charges or expenses resulting from the transaction; and negative effects of the transaction on the market price of Sequans' ADS. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are changes in the global, political, economic, business and competitive environments, market and regulatory forces. If any one or more of these risks or uncertainties materialize or if any one or more of the assumptions prove incorrect, actual results may differ materially from those expected, estimated or projected. Such forward-looking statements should therefore be construed in the light of such factors. A more complete description of these and other material risks can be found in Sequans' filings with the SEC, including its annual report on Form 20-F for the year ended December 31, 2023, subsequent filings on Form 6-K and other documents that may be filed from time to time with the SEC. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this announcement. Sequans undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by applicable law.
About Sequans Communications
Sequans Communications S.A. (NYSE: SQNS) is a leading semiconductor company specializing in wireless cellular technology for the Internet of Things (IoT). Our engineers design and develop innovative, secure, and scalable technologies that power the next generation of connected devices. We offer a wide range of solutions, including chips, modules, IP, and services. Our LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms are optimized for IoT, delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. Established in 2003, Sequans is headquartered in France and has a global presence with offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, and China.
Sequans investor relations: Kim Rogers (USA), +1 385.831.7337, ir@sequans.com
Sequans media relations: Linda Bouvet (France), +33 1 70 72 16 00 media@sequans.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247209