Sequans Communications S.A., a developer and provider of 5G/4G solutions for IoT devices, announced on June 23, 2025, that it received a notice from the New York Stock Exchange $(NYSE)$ regarding non-compliance with listing standards. The notice, received on June 5, 2025, indicated that Sequans failed to meet Section 802.01B of the NYSE Listed Company Manual, with an average global market capitalization and stockholders' equity both below $50 million over 30 consecutive trading days. The company has 90 days to submit a business plan to regain compliance within nine months. Sequans is currently evaluating its options and working on a plan to meet the NYSE's requirements, with its shares continuing to trade on the NYSE during this period, subject to meeting other listing standards.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.