Sequans Communications (SQNS) to Offer ADSs

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Go back to Sequans Communications (SQNS) to Offer ADSs

Sequans Communications S.A. Announces Launch of Public Secondary Offering of American Depositary Shares

December 7, 2020 4:05 PM EST

PARIS--(BUSINESS WIRE)-- Sequans Communications S.A. (NYSE: SQNS), (Sequans or the Company), a leading developer and provider of 5G and 4G chips and modules for IoT devices, today announced the launch of an underwritten public secondary offering of its American Depositary Shares (the ADSs). Each ADS represents four ordinary shares of the Company, nominal value 0.02 per share. The ADSs to be sold in the proposed offering will be offered by Nokomis Capital Master Fund, LP (Nokomis) and will be issued pursuant to the conversion of $12.4 million in principal and accrued paid-in-kind interest of Sequans convertible notes.... More