Latest news with #SQNS
Yahoo
2 days ago
- Business
- Yahoo
Sequans Buys $150M in Bitcoin, Doubling Down on BTC Treasury After $384M Raise
Sequans Communications (SQNS), a France-based semiconductor company, has added another 1,264 bitcoin (BTC) to its balance sheet at an average cost of roughly $118,659 per coin, including fees. The purchase, totaling $150 million, brings its total holdings to 2,317 BTC acquired for about $270 million. Its total average purchase price, including fees, is sitting at $116,493 per BTC. The company announced the acquisition just weeks after closing a $384 million private placement to help fund its bitcoin treasury strategy. That raise included a mix of American depositary shares, convertible debentures and warrants. The company's CEO Georges Karam has said it's adopting BTC to enhance its financial resilience and create long-term value. Sequans' shares lost 9% during Friday's trading session and are up 15.9% in pre-market trading.
Associated Press
2 days ago
- Business
- Associated Press
Sequans Acquires 1,264 Additional BTC and Now Holds 2,317 BTC
Paris, France--(Newsfile Corp. - July 21, 2025) - Sequans Communications S.A. (NYSE: SQNS), a pioneer in adopting Bitcoin as its primary treasury reserve asset and a leading provider of cellular IoT semiconductor solutions, today announced the acquisition of an additional 1,264 bitcoin for ~$150 million at an average price inclusive of fees of ~$118,659 per bitcoin. As of July 18, 2025 we hold 2,317 bitcoins acquired for ~$270 million at an average price inclusive of fees of ~$116,493 per bitcoin. About Sequans Sequans Communications S.A. (NYSE: SQNS) is a fabless semiconductor company with a Bitcoin treasury. We view Bitcoin as a long-term store of value and intend to strategically accumulate it as our primary treasury reserve asset. Our approach involves acquiring and holding Bitcoin using net proceeds from equity and debt issuances - executed from time to time based on market conditions — as well as cash generated from operations and intellectual property monetization. Sequans is a leading semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT). Our engineers design and develop innovative, secure, and scalable technologies that power the next generation of AI-connected applications - including secured payment, smart mobility and logistics, smart cities, industrial, e-health, and smart homes. We offer a comprehensive portfolio of solutions, including integrated circuits (IC) of baseband processors and radio frequency (RF) transceivers, modules, software, and protocol stacks. Our LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms are purpose-built for IoT, delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. We also provide advanced design services and technology licensing. We believe our combination of a strategic Bitcoin reserve and deep focus on semiconductor innovation positions Sequans for long-term value creation. Founded in 2003, Sequans is headquartered in France and operates globally, with offices in the United States, United Kingdom, Switzerland, Israel, Singapore, Finland, Taiwan, and China. Visit Sequans at and follow us on LinkedIn and X. 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, but not limited to, with respect to the use of proceeds from the Offering and the Company's bitcoin treasury strategy and the exercise of the common warrants for cash prior to their expiration. 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,' 'committed to', '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 it believes 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 Qualcomm transaction or the Offering. 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, including tariffs and trade wars. 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, 2024, 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. Contacts Sequans investor relations: David Hanover/Gerrick Johnson, KCSA Strategic Communications (USA), +1 212.682.6300, [email protected] Sequans media relations: Linda Bouvet (France), +33 170721600 [email protected] To view the source version of this press release, please visit
Business Insider
7 days ago
- Business
- Business Insider
Sequans files to sell 1.82B ordinary shares for holders
16:55 EDT Sequans (SQNS) files to sell 1.82B ordinary shares for holders Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
11-07-2025
- Business
- Yahoo
Sequans Communications Kicks Off Bitcoin Treasury with 370 BTC Purchase
Sequans Communications (SQNS), a leading cellular semiconductor maker, has announced its acquisition of 370 bitcoin BTC as part of a newly launched bitcoin treasury strategy. The purchase was funded by proceeds from its recent equity and convertible debenture offering that closed on July 7. 'We are excited to begin executing our strategic plan to accumulate over 3,000 BTC in the coming weeks,' said Georges Karam, CEO of Sequans. 'This initiative reflects our confidence in bitcoin as a long-term store of value for our shareholders.' Sequans has chosen Coinbase as custodian, utilizing Coinbase Prime's institutional-grade services. Sequans Communications shares are up 2% in pre-market trading following the announcement of its bitcoin treasury strategy. Sign in to access your portfolio
Yahoo
08-07-2025
- Business
- Yahoo
Sequans Shares Jump 35% After $384M Debt-Equity Raise to Fund Bitcoin Treasury
Sequans Communications' (SQNS) surged more than 40% after the wireless-chip designer closed a $384 million private placement with plans to spend the bulk of that in bitcoin (BTC). The deal combined a $195 million sale of American depositary shares (ADS) and warrants at $1.40 with $189 million of five-year secured convertible debentures priced at a 4% discount, according to a press release. The France-based company's ADSs rose to $2.01 on Nasdaq after the announcement. Investors can convert at $2.10 per American depositary share and, if all warrants are exercised, Sequans could net another $57.6 million, with the funds also being earmarked for bitcoin purchases. CEO Georges Karam said the company sees the asset enhancing its financial resilience and creating long-term value. Sequans designs low-power 4G and 5G modems used in smart meters, asset trackers and industrial sensors. Swan Bitcoin will source and custody the coins while Northland Capital Markets and B. Riley Securities handled the financing. The move sees Sequans join a growing list of publicly traded firms adopting bitcoin as their primary treasury reserve asset. A total of 852,309 BTC are currently held by these firms, according to Bitcointreasuries data. The bulk of those coins are held by Strategy (MSTR), which has 597,325 BTC on its balance sheet. It's followed by MARA Holdings (MARA) with 50,000 BTC and XXI, with 37,230 BTC. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
