Sequans Communications Secures $384 Million in Private Placement to Launch Bitcoin Treasury Strategy

Reuters
07/08
<a href="https://laohu8.com/S/SQNS">Sequans Communications</a> Secures $384 Million in Private Placement to Launch Bitcoin Treasury <a href="https://laohu8.com/S/MSTR">Strategy</a>

Sequans Communications SA, a developer and provider of 5G/4G IoT semiconductors and modules, has successfully closed a $384 million private placement offering. This financial move includes a $195 million PIPE and $189 million in convertible debentures, with participation from over 40 institutional investors. The raised funds are earmarked to launch a bitcoin treasury initiative as part of Sequans' strategic expansion into digital assets. The company plans to use all net proceeds to purchase bitcoin and has partnered with Swan Bitcoin to ensure secure execution and market transparency. CEO Georges Karam expressed confidence in bitcoin's potential to enhance financial resilience and deliver long-term value to shareholders. If all common warrants, priced at $1.40 per ADS, are exercised, Sequans could gain an additional $57.6 million, also intended for bitcoin acquisition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sequans Communications SA published the original content used to generate this news brief via Newsfile (Ref. ID: 257956) on July 08, 2025, and is solely responsible for the information contained therein.

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