Sequans Communications (NYSE: SQNS) has efficiently closed a big $384 million strategic funding to launch a Bitcoin treasury initiative. The financing consists of a $195 million PIPE (Non-public Investment in Public Fairness) and $189 million in convertible debentures due July 7, 2028.
The transaction included the sale of 139,444,614 American Depositary Shares at $1.40 per ADS with widespread warrants. The convertible debentures function a conversion worth of $2.10 per ADS. If all widespread warrants are exercised, Sequans may obtain an extra $57.6 million in gross proceeds.
The corporate plans to make use of the web proceeds primarily to buy Bitcoin as a part of its treasury technique, partnering with Swan Bitcoin for execution and governance. The providing attracted over 40 institutional traders, with Northland Capital Markets and B. Riley Securities serving as joint lead placement brokers.
Sequans Communications (NYSE: SQNS) ha completato con successo un importante investimento strategico da 384 milioni di dollari per avviare un’iniziativa di tesoreria in Bitcoin. Il finanziamento comprende un PIPE da 195 milioni di dollari (Non-public Investment in Public Fairness) e 189 milioni di dollari in obbligazioni convertibili con scadenza il 7 luglio 2028.
L’operazione ha incluso la vendita di 139.444.614 American Depositary Shares a 1,40 dollari per ADS, accompagnate da warrant comuni. Le obbligazioni convertibili prevedono un prezzo di conversione di 2,10 dollari per ADS. Se tutti i warrant comuni venissero esercitati, Sequans potrebbe ottenere ulteriori 57,6 milioni di dollari di proventi lordi.
L’azienda intende utilizzare principalmente i proventi netti per acquistare Bitcoin nell’ambito della sua strategia di tesoreria, collaborando con Swan Bitcoin per l’esecuzione e la governance. L’offerta ha attratto oltre 40 investitori istituzionali, con Northland Capital Markets e B. Riley Securities come agenti principali congiunti per il collocamento.
Sequans Communications (NYSE: SQNS) ha cerrado con éxito una importante inversión estratégica de 384 millones de dólares para lanzar una iniciativa de tesorería en Bitcoin. La financiación consta de un PIPE de 195 millones de dólares (Non-public Investment in Public Fairness) y 189 millones de dólares en bonos convertibles con vencimiento el 7 de julio de 2028.
La transacción incluyó la venta de 139,444,614 American Depositary Shares a 1.40 dólares por ADS, junto con warrants comunes. Los bonos convertibles tienen un precio de conversión de 2.10 dólares por ADS. Si se ejercen todos los warrants comunes, Sequans podría recibir 57.6 millones de dólares adicionales en ingresos brutos.
La compañía planea utilizar los ingresos netos principalmente para comprar Bitcoin como parte de su estrategia de tesorería, en asociación con Swan Bitcoin para la ejecución y gobernanza. La oferta atrajo a más de 40 inversores institucionales, con Northland Capital Markets y B. Riley Securities actuando como agentes principales conjuntos para la colocación.
Sequans Communications (NYSE: SQNS)가 비트코인 재무 전략을 시작하기 위해 3억 8,400만 달러 규모의 전략적 투자를 성공적으로 마감했습니다. 이번 자금 조달은 1억 9,500만 달러 규모의 PIPE(Non-public Investment in Public Fairness)와 2028년 7월 7일 만기인 1억 8,900만 달러 규모의 전환사채로 구성되어 있습니다.
이번 거래에는 보통주 워런트와 함께 ADS당 1.40달러에 139,444,614개의 미국예탁증서(ADS)가 판매되었습니다. 전환사채의 전환 가격은 ADS당 2.10달러입니다. 모든 보통주 워런트가 행사될 경우, Sequans는 추가로 5,760만 달러의 총 수익을 얻을 수 있습니다.
회사는 순수익을 주로 비트코인 구매에 사용할 계획이며, 실행과 거버넌스를 위해 Swan Bitcoin과 협력합니다. 이번 공모에는 40개 이상의 기관 투자자가 참여했으며, Northland Capital Markets와 B. Riley Securities가 공동 주관사로 활동했습니다.
Sequans Communications (NYSE : SQNS) a clôturé avec succès un investissement stratégique necessary de 384 thousands and thousands de {dollars} pour lancer une initiative de trésorerie en Bitcoin. Le financement comprend un PIPE de 195 thousands and thousands de {dollars} (Non-public Investment in Public Fairness) et 189 thousands and thousands de {dollars} en obligations convertibles arrivant à échéance le 7 juillet 2028.
La transaction a inclus la vente de 139 444 614 American Depositary Shares à 1,40 greenback par ADS, accompagnées de bons de souscription ordinaires. Les obligations convertibles ont un prix de conversion de 2,10 {dollars} par ADS. Si tous les bons de souscription ordinaires sont exercés, Sequans pourrait recevoir 57,6 thousands and thousands de {dollars} supplémentaires de produits bruts.
La société prévoit d’utiliser principalement les produits nets pour acheter des Bitcoins dans le cadre de sa stratégie de trésorerie, en partenariat avec Swan Bitcoin pour l’exécution et la gouvernance. L’offre a attiré plus de 40 investisseurs institutionnels, avec Northland Capital Markets et B. Riley Securities en tant qu’brokers principaux conjoints pour le placement.
Sequans Communications (NYSE: SQNS) hat erfolgreich eine bedeutende strategische Investition in Höhe von 384 Millionen US-Greenback abgeschlossen, um eine Bitcoin-Treasury-Initiative zu starten. Die Finanzierung besteht aus einer PIPE in Höhe von 195 Millionen US-Greenback (Non-public Investment in Public Fairness) und 189 Millionen US-Greenback in wandelbaren Schuldverschreibungen mit Fälligkeit am 7. Juli 2028.
Die Transaktion umfasste den Verkauf von 139.444.614 American Depositary Shares zu je 1,40 US-Greenback professional ADS zusammen mit Stammaktien-Warrants. Die wandelbaren Schuldverschreibungen haben einen Wandlungspreis von 2,10 US-Greenback professional ADS. Sollten alle Stammaktien-Warrants ausgeübt werden, könnte Sequans zusätzliche 57,6 Millionen US-Greenback Bruttoerlöse erzielen.
Das Unternehmen plant, die Nettoerlöse hauptsächlich zum Kauf von Bitcoin im Rahmen seiner Treasury-Strategie zu verwenden und arbeitet dabei mit Swan Bitcoin für Ausführung und Governance zusammen. Das Angebot zog über 40 institutionelle Investoren an, wobei Northland Capital Markets und B. Riley Securities als gemeinsame Hauptplatzierungsagenten fungierten.
Constructive
- Substantial capital increase of $384 million strengthens firm’s monetary place
- Potential extra $57.6 million in proceeds if all warrants are exercised
- Robust institutional investor curiosity with over 40 members
- Partnership with established Bitcoin platform Swan Bitcoin for execution
Unfavorable
- 4% authentic concern low cost on convertible debentures will increase efficient borrowing value
- Vital dilution potential from 139.4M new ADSs and convertible securities
- Publicity to Bitcoin’s worth volatility may impression treasury worth
- Substantial shift from core semiconductor enterprise focus to crypto property
Insights
Sequans’ $384M increase to purchase Bitcoin marks a dramatic strategic pivot for a semiconductor firm, signaling important threat and alternative.
Sequans Communications has executed a $384 million capital increase to launch a bitcoin treasury technique, representing a radical strategic shift for the 5G/4G IoT semiconductor producer. The funding consists of $195 million from fairness gross sales and $189 million in convertible debt, with potential for an extra $57.6 million if all warrants are exercised.
This transfer represents a unprecedented pivot from Sequans’ core semiconductor enterprise into digital property. The corporate plans to make use of all web proceeds to buy bitcoin, successfully remodeling its treasury administration method from conventional money holdings to cryptocurrency publicity. This positions Sequans amongst a small however rising variety of public corporations adopting bitcoin treasury methods.
The financing construction is advanced, involving the sale of 139,444,614 American Depositary Shares at $1.40 per ADS with accompanying warrants, plus $189 million in secured convertible debentures due 2028. The convertible debentures have a conversion worth of $2.10 per ADS, representing a 50% premium to the fairness providing worth.
From a threat perspective, this represents a big focus of capital in a single, extremely risky asset class that has no direct relation to Sequans’ core semiconductor operations. Whereas bitcoin has appreciated considerably over time, it has additionally skilled a number of drawdowns exceeding 70%. The corporate’s point out of continued bitcoin purchases utilizing extra money from operations suggests this is not merely a one-time allocation however a elementary strategic reorientation.
This all-in bitcoin treasury method seems terribly aggressive in comparison with different public corporations which have allotted solely a portion of their treasury to bitcoin. The partnership with Swan Bitcoin for implementation suggests a methodical method to execution, although it would not mitigate the inherent volatility threat of the underlying asset.
Increase consists of
Will Use Internet Proceeds to Launch Treasury Technique Centered on Bitcoin
Transaction Displays Robust Conviction in Bitcoin as a Premier Asset and Compelling Lengthy-Time period Investment
Paris, France–(Newsfile Corp. – July 8, 2025) – Sequans Communications S.A. (NYSE: SQNS) (“Sequans” or the “Firm”), a number one developer and supplier of 5G/4G IoT semiconductors and modules, as we speak introduced the profitable closing of its beforehand introduced debt and fairness non-public placement choices (the “Providing”) for whole funding of
This marks a significant milestone in Sequans’ strategic growth into digital property. All web proceeds from the Providing will likely be used to buy bitcoin, initiating the primary section of the Firm’s beforehand introduced bitcoin treasury technique, and for basic company functions related to buying bitcoin, topic to the safety and collateral necessities of the Providing.
The Providing included the sale of 139,444,614 American Depositary Shares (the “ADSs”), every ADS representing 10 bizarre shares, nominal worth €0.01 per share, of the Firm (the “Strange Shares”) (or pre-funded warrants in lieu thereof), and customary warrants to buy as much as 20,916,680 ADSs (or pre-funded warrants in lieu thereof) exercisable inside 90 days of the closing of the Providing, at a mixed buy worth of
The widespread warrants have an train worth of
“With the closing of this financing, we’re excited to start executing our bitcoin treasury technique,” mentioned Georges Karam, CEO of Sequans. “We consider bitcoin’s distinctive properties will improve our monetary resilience and create long-term worth for our shareholders. Our intention is to proceed buying bitcoin sooner or later, utilizing extra money generated from our core enterprise operations and extra proceeds.”
To implement this initiative, Sequans expects to accomplice with Swan Bitcoin, a premier Bitcoin monetary companies platform and institutional companies supplier, leveraging its experience to make sure safe execution, strong governance, and market transparency.
Northland Capital Markets and B. Riley Securities served as joint lead placement brokers for the Providing. Yorkville Securities served as a placement agent for the Providing.
Lowenstein Sandler LLP acted as U.S. authorized counsel and ARCHERS (AARPI) acted as French authorized counsel to the Firm. Goodwin Procter, LLP acted as U.S. and French authorized counsel to the position brokers.
The securities described above have been provided in a personal placement underneath Part 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Regulation D promulgated thereunder and, together with the Strange Shares represented by ADSs underlying the secured convertible debentures, the pre-funded warrants and the widespread warrants, haven’t been registered underneath the Securities Act, or relevant state securities legal guidelines. Accordingly, such securities is probably not provided or offered in the US besides pursuant to an efficient registration assertion or an relevant exemption from the registration necessities of the Securities Act and such relevant state securities legal guidelines. Pursuant to registration rights agreements with traders, the Firm agreed to file resale registration statements overlaying the securities described above.
This press launch shall not represent a proposal to promote or a solicitation of a proposal to purchase these securities, nor shall there be any sale of those securities in any state or different jurisdiction during which such provide, solicitation or sale could be illegal previous to the registration or qualification underneath the securities legal guidelines of any such state or different jurisdiction.
About Sequans
Sequans Communications S.A. (NYSE: SQNS) is a number one semiconductor firm specializing in wi-fi mobile know-how for the Web of Issues (IoT). Our engineers design and develop progressive, safe, and scalable applied sciences that energy the subsequent technology of linked gadgets. We provide a variety of options, together with chips, modules, IP, and companies. Our LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms are optimized for IoT, delivering breakthroughs in wi-fi connectivity, energy effectivity, safety, and efficiency. Established in 2003, Sequans is headquartered in France and has a worldwide presence with workplaces in the US, United Kingdom, Switzerland, Israel, Hong Kong, Singapore, Finland, Taiwan, and China.
Go to Sequans at sequans.com and observe us on LinkedIn and X.
About Swan Bitcoin
Swan is likely one of the USA’s main Bitcoin-based wealth platforms, serving the fast-growing cohort of Bitcoin traders. Swan’s mission-driven crew simplifies Bitcoin custody, safety, and funding, delivering elite concierge assist, unique networking, and industry-leading analysis. Swan gives concierge OTC service, institutional-level liquidity, Bitcoin treasury technique and operations, tax-loss harvesting, inheritance planning, retirement accounts, and safe custody choices. To be taught extra, please go to swan.com.
Ahead Wanting Statements
This press launch accommodates sure statements which might be, or could also be deemed to be, forward-looking statements with respect to the monetary situation, outcomes of operations and enterprise of Sequans, together with, however not restricted to, with respect to the usage of proceeds from the Providing and the Firm’s bitcoin treasury technique and the train of the widespread warrants for money previous to their expiration. These forward-looking statements embrace, however should not restricted to, statements that aren’t historic reality. These forward-looking statements may be recognized by the truth that they don’t relate to historic or present info. Ahead-looking statements additionally typically use phrases comparable to “anticipate,” “dedicated to”, “goal,” “proceed,” “estimate,” “count on,” “forecast,” “intend,” “could,” “plan,” “objective,” “consider,” “hope,” “goals,” “proceed,” “may,” “mission,” “ought to,” “will” or different phrases of comparable which means. These statements are based mostly on assumptions and assessments made by Sequans in mild of its expertise and notion of historic tendencies, present situations, future developments and different components it believes acceptable. By their nature, forward-looking statements contain threat and uncertainty, as a result of they relate to occasions and rely upon circumstances that may happen sooner or later and the components described within the context of such forward-looking statements on this announcement may trigger precise outcomes and developments to vary materially from these expressed in or implied by such forward-looking statements. Though it’s believed that the expectations mirrored in such forward-looking statements are cheap, no assurance may be on condition that such expectations will show to be right, and you might be subsequently cautioned to not place undue reliance on these forward-looking statements which converse solely as on the date of this announcement.
Ahead-looking statements should not ensures of future efficiency. Such forward-looking statements contain identified and unknown dangers and uncertainties that would considerably have an effect on anticipated outcomes and are based mostly on sure key assumptions. Such dangers and uncertainties embrace, however should not restricted to, potential hostile reactions or modifications to enterprise relationships ensuing from the completion of the Qualcomm transaction or the Providing. Many components may trigger precise outcomes to vary materially from these projected or implied in any forward-looking statements. Among the many components that would trigger precise outcomes to vary materially from these described within the forward-looking statements are modifications within the world, political, financial, enterprise and aggressive environments, market and regulatory forces, together with tariffs and commerce wars. If any a number of of those dangers or uncertainties materialize or if any a number of of the assumptions show incorrect, precise outcomes could differ materially from these anticipated, estimated or projected. Such forward-looking statements ought to subsequently be construed within the mild of such components. A extra full description of those and different materials dangers may be present in Sequans’ filings with the SEC, together with its annual report on Type 20-F for the yr ended December 31, 2024, subsequent filings on Type 6-Okay and different paperwork which may be filed occasionally with the SEC. As a result of such uncertainties and dangers, readers are cautioned to not place undue reliance on such forward-looking statements, which converse solely as of the date of this announcement. Sequans undertakes no obligation to replace or revise any forward-looking assertion on account of new info, future occasions or in any other case, besides as required by relevant legislation.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/release/257956
FAQ
What’s the dimension of Sequans’ (SQNS) strategic funding for Bitcoin treasury?
Sequans secured a $384 million strategic funding, consisting of a $195 million PIPE and $189 million in convertible debentures, with potential for added $57.6 million if all warrants are exercised.
How is Sequans’ (SQNS) $384M funding structured?
The funding consists of $195 million from promoting 139,444,614 ADSs at $1.40 per share with warrants, and $189 million in convertible debentures due July 2028 with a $2.10 conversion worth.
Who’s partnering with Sequans (SQNS) for his or her Bitcoin treasury technique?
Sequans is partnering with Swan Bitcoin, a premier Bitcoin monetary companies platform, to make sure safe execution, strong governance, and market transparency.
What’s the conversion worth for Sequans’ (SQNS) convertible debentures?
The convertible debentures have a conversion worth of $2.10 per ADS, topic to changes as supplied within the phrases.
What number of institutional traders participated in Sequans’ (SQNS) providing?
Over 40 institutional traders participated within the strategic funding providing.
