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Sequans announces $200 million equity plan to accelerate Bitcoin reserve strategy

Summary: According to reports, French semiconductor and IoT company Sequans Communications (NYSE: SQNS) has announced the establishment of an At The Market (ATM) equity issuance plan, allowing the company to issue American Depositary Shares at any time based on market conditions, with each share representing 10 common shares, for a total maximum amount of $200 million. ...

According to reports, French semiconductor and IoT company Sequans Communications (NYSE: SQNS) has announced the establishment of an At The Market (ATM) equity issuance plan, allowing the company to issue American Depositary Shares at any time based on market conditions, with each share representing 10 common shares, for a total maximum amount of $200 million.

Sequans stated that this plan will serve as the first phase of its Bitcoin reserve strategy, with funds raised expected to be primarily used to continue purchasing Bitcoin to support the company's long-term reserve strategy.

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