Sequans Communications S.A. (NYSE: SQNS), a developer and supplier of 5G/4G IoT semiconductors and modules, today announced the launch of its Bitcoin Treasury initiative, marking a strategic expansion beyond its core cellular IoT semiconductor business.
To advance the program, the company has reached an agreement to issue and sell approximately $195 million of equity securities and $189 million of principal convertible covered bonds through a private placement, for a total financing size of approximately $384 million.
Sequans, a US-listed company, announced a $384 million strategic investment and will launch a bitcoin treasury plan
2025-06-23 10:13:20
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