Sequans Communications has announced its intention to raise $384 million to implement a Bitcoin treasury strategy while continuing to develop its core semiconductor and IoT business.
Bitcoin Strategy and Treasury Expansion
Sequans will launch a Bitcoin treasury initiative using capital from two private placements. The company aims to raise $195 million through equity and $189 million in secured convertible debt, all to support Bitcoin acquisition and treasury operations.
Private Placement Structure
The equity portion will issue over 1.39 billion ordinary shares and related warrants priced at $1.40 per ADS. This includes 139 million American Depositary Shares and additional warrants exercisable within 90 days of closing. The debt placement involves $189 million in secured convertible debentures and more warrants tied to share purchases. All offerings are exempt from U.S. registration and follow Section 4(a)(2) of the Securities Act.
Continued Focus on IoT
Sequans emphasized that its core 4G and 5G IoT roadmap remains unchanged. The company continues to support global IoT applications through LTE-M, NB-IoT, and 5G platforms, which remain central to its strategy, along with enhancements in power efficiency and network scalability.
Sequans is continuing to develop its diversification strategy while ensuring regulatory compliance and ongoing innovations in the IoT sector alongside its Bitcoin treasury initiative.
