Sequans Communications (SQNS) Launches ADS Offering

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Go back to Sequans Communications (SQNS) Launches ADS Offering

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

March 10, 2022 4:05 PM EST

PARIS, March 10, 2022 /PRNewswire/ -- Sequans Communications S.A. (NYSE: SQNS) (the "Company" or "Sequans"), a leading developer and provider of 5G and 4G chips and modules for IoT devices, today announced the launch of an underwritten public offering of American Depositary Shares representing its ordinary shares. Each American Depositary Share represents four ordinary shares of the Company, nominal value 0.02 per share (the "ADSs"). The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the ADSs sold in the proposed offering. All ADSs to be sold... More