US EditionSequans Shares Jump 35% After $384M Debt-Equity Raise to Fund Bitcoin Treasury
10 Articles
10 Articles
Sequans Shares Jump 35% After $384M Debt-Equity Raise to Fund Bitcoin Treasury
Sequans Communications’ (SQNS) surged more than 40% after the wireless-chip designer closed a $384 million private placement with plans to spend the bulk of that in bitcoin (BTC).The deal combined a $195 million sale of American depositary shares (ADS) and warrants at $1.40 with $189 million of five-year secured convertible debentures priced at a 4% discount, according to a press release. The France-based company's ADSs rose to $2.01 on Nasdaq a…
Sequans Communications Raises $384 Million to Purchase Bitcoin
Sequans Communications (NYSE: SQNS), a French semiconductor company, announced on Tuesday that it has successfully closed a $384 million private placement offering and will use the proceeds to buy bitcoin. Sequans has also struck a partnership with U.S.-based Swan Bitcoin, a financial services firm that specializes in bitcoin-focused wealth management. Swan will assist Sequans with... The post Sequans Communications Raises $384 Million to Purcha…
Sequans Communications, a French company listed at Nasdaq, raised $384 million to build a majority cash flow in Bitcoin, breaking with traditional financial models. The transaction is based on a mix of financing (ADS, good, debentures), managed by Northland and B. Riley, and relies on Swan Bitcoin for the purchase, custody and management of BTCs. With this decision, Sequans joins the closed circle of listed companies, in a tense geopolitical con…
The French manufacturer of IoT Sequans Communications chips has just closed off on July 8, 2025 a private financing of $384 million in order to buy Bitcoin and make it the pillar of its treasury. A new proof, if there was any need, that companies are increasingly relying on Bitcoin - and now the industrialists too. The article France: Sequans raises 384 million dollars to launch a Bitcoin Treasurery appeared first on Cryptoast.
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