Sequans Unveils $384M Bitcoin Treasury Strategy with Major Investment

June 23, 2025

DENVER, Colo., Jun 23, 2025 (247marketnews.com)- Sequans Communications (NYSE:SQNS), which develops 5G/4G IoT semiconductor solutions, today announced a bold bitcoin treasury initiative, expanding its financial strategy while maintaining its core focus on cellular IoT innovation.

To support this initiative, Sequans has entered into definitive agreements to raise approximately $384 million through private placements, consisting of approximately $195 million in equity securities and $189 million in convertible secured debentures.

Georges Karam, CEO of Sequans, stated, “Our bitcoin treasury strategy reflects our strong conviction in bitcoin as a premier asset and a compelling long-term investment. We believe bitcoin’s unique characteristics will enhance our financial resilience and deliver significant value to our shareholders.”

As part of this initiative, Sequans expects to partner with Swan Bitcoin, a leading bitcoin treasury management firm.

Despite this strategic shift, the Company emphasized its ongoing focus on advancing cellular IoT technology. “We continue to support our customers with a robust 4G and 5G product roadmap, delivering innovative solutions to meet evolving IoT application needs and ensuring a seamless transition from 4G to 5G,” Karam added.

Investment Details

  • Equity Private Placement:
    • Sale of 1,392,857,140 ordinary shares (equivalent to 139,285,714 American Depositary Shares or pre-funded warrants)
    • Includes common warrants to purchase up to 208,928,460 ordinary shares (20,892,846 ADSs)
    • Combined purchase price: $1.40 per ADS and warrant, equivalent to $0.14 per ordinary share and warrant
  • Debt Private Placement:
    • Issuance of $189 million in secured convertible debentures
    • Includes common warrants to purchase up to 202,499,980 ordinary shares (20,249,998 ADSs)

Warrants under both placements are exercisable within 90 days of closing.

The Offering is expected to close on or around July 1, 2025, pending shareholder approval at the Company’s general meeting scheduled for June 30, 2025, and subject to customary closing conditions. Completion of the Debt Private Placement is contingent on successfully closing the Equity Private Placement with gross proceeds of no less than $195 million.

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