Sequans Communications S.A. (NYSE: SQNS), a prominent developer in the 5G/4G IoT semiconductor sector, has announced a strategic initiative to establish a bitcoin treasury. This move aligns with the company's commitment to expanding its business operations beyond its core semiconductor offerings. To support this initiative, Sequans has entered into a definitive agreement to issue and sell approximately $195 million in equity securities and $189 million in convertible senior secured notes, totaling around $384 million. The securities are being offered through private placement transactions, with Northland Capital Markets and B. Riley Securities serving as joint lead placement agents. The closing of these transactions is anticipated around July 1, 2025, pending shareholder approval and customary closing conditions.
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