Sequans Communications S.A. announced on July 8, 2025, the successful closing of its previously announced debt and equity private placement offerings, totaling $384 million. This investment saw participation from over 40 institutional investors.
All net proceeds from the offering will be used to purchase Bitcoin, initiating the first phase of the company's Bitcoin treasury strategy. The offering included the sale of American Depositary Shares (ADSs) and common warrants, contributing $195 million.
Additionally, $189 million in principal amount of secured convertible debentures due July 7, 2028, were issued, along with common warrants. Georges Karam, CEO, stated that Bitcoin's unique properties are expected to enhance financial resilience and create long-term value for shareholders.
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