Market Overview

Sequans Communications S.A. Announces Proposed Public Offering of American Depositary Shares

Sequans Communications S.A. (NYSE: SQNS) today announced that it is offering to sell its American Depositary Shares (ADSs), representing ordinary shares, in an underwritten public offering. Needham & Company is acting as the sole bookrunning manager of the offering.

Sequans intends to use the net proceeds from the offering for general corporate purposes.

The ADSs described above are being offered by Sequans pursuant to a shelf registration statement on Form F-3, including a base prospectus, previously filed with and subsequently declared effective by the Securities and Exchange Commission (“SEC”). The securities may be offered only by means of a prospectus. A preliminary prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC's website at http://www.sec.gov. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to this offering may also be obtained from Needham & Company, LLC, 445 Park Avenue, New York, NY 10022, (800) 903-3268. Before you invest, you should read the preliminary prospectus supplement and the accompanying base prospectus and other documents Sequans has filed or will file with the SEC for more complete information about Sequans and the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Posted-In: News Financing

 

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