For more information please contact:
Equity Capital Markets
Head of Equity
Senior Vice President
Senior Vice President
Sequans Communications S.A. (NYSE: SQNS), a leading developer and provider of 5G and 4G chips and modules for IoT devices, has closed an underwritten public offering of 4,854,369 American Depositary Shares (“ADSs”), representing 19,417,476 ordinary shares. The ADSs were sold at the public offering price of $5.15 per ADS, resulting in the gross proceeds for Sequans Communications of approximately $25 million.
Sequans Communications has also granted the underwriters a 30-day option to acquire an additional 728,155 ADSs to cover overallotments. Sequans Communications intends to use the proceeds from the offering for general corporate purposes.
ROTH Capital Partners acted as the lead manager for the offering.
About Sequans Communications
Sequans Communications S.A. (NYSE: SQNS) is a leading developer and provider of 5G and 4G chips and modules for IoT devices. For 5G/4G massive IoT applications, Sequans provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, featuring industry-leading low power consumption, a large set of integrated functionalities, and global deployment capability. For 5G/4G broadband and critical IoT applications, Sequans offers a product portfolio based on its Cassiopeia 4G Cat 4/Cat 6 and high-end Taurus 5G chip platforms, optimized for low-cost residential, enterprise, and industrial applications. Founded in 2003, Sequans is based in Paris, France with additional offices in the United
States, United Kingdom, Israel, Hong Kong, Singapore, Sweden, Taiwan, South Korea, and China. For more information, please visit
Company Press Release | 05.12.20)
About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and
their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading,
market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and
maintains offices throughout the U.S. For more information on ROTH, please visit
Date of Announcement: 06.02.20
The material, information and facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC
("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any
companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or
estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be
reproduced in any form without the express written permission of ROTH. Copyright 2020.