Sequans Announces $200 million Equity Plan, Accelerates Bitcoin Reserve Strategy
2025-08-25 22:24:28
French semiconductor and Internet of Things company Sequans Communications (NYSE: SQNS) announced the establishment of "At The Market" (ATM) equity issuance program, the company can issue American depositary shares at any time according to market conditions, each representing 10 common shares, totaling up to $200 million. Sequans said the program will serve as a tool for the first phase of its bitcoin reserve strategy, and the proceeds raised are expected to be used primarily to continue to purchase bitcoin to support the company's long-term reserve strategy.
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