Sequans Communications S.A. announced on August 25, 2025, the establishment of an 'at the market' (ATM) equity offering program. Under this program, the company may offer and sell its American Depositary Shares (ADSs) for an aggregate amount of up to $200 million.
The ATM Program is intended to support the first phase of establishing Sequans' Bitcoin treasury foundation. Net proceeds from the program are expected to be primarily used to continue accumulating Bitcoin, aligning with the company's long-term treasury strategy.
Sequans filed a prospectus with the U.S. Securities and Exchange Commission (SEC) on August 25, 2025, for this program. The timing and volume of any share sales will be determined by the company based on market conditions and other factors.
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