Sequans Communications S.A. announced on April 3, 2025, that it has regained full compliance with the New York Stock Exchange (NYSE) continued listing standards. This follows a notice of non-compliance received on April 9, 2024.
The company took corrective actions, including adjusting the ratio of its ordinary shares represented by ADSs, effective October 9, 2024. This adjustment had the effect of a 1-for-2.5 reverse stock split of the ADSs, increasing the trading price.
Additionally, the $200 million strategic transaction with Qualcomm, which closed on September 30, 2024, significantly increased Sequans' stockholders' equity and market capitalization. These measures collectively restored the company's compliance with all applicable NYSE listing requirements.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.