Sequans Announces Launch of American Depositary Share Buyback Program

Core Points - Sequans Communications has announced a buyback program for up to 1.57 million American Depositary Shares (ADSs), representing approximately 10% of its outstanding ADSs, to be executed by June 30, 2026 [1][2] - The buyback program is part of the company's dynamic treasury strategy, which includes raising capital to grow Bitcoin holdings and enhance net asset value [2][4] - The company views Bitcoin as a long-term investment and aims to accumulate it as its primary treasury reserve asset [4][5] Company Strategy - The buyback program allows Sequans to repurchase ADSs at its discretion, depending on market conditions and legal compliance [2][3] - The company has established an Automated Teller Machine (ATM) tool to facilitate capital raising for increasing Bitcoin holdings [2] - Sequans' treasury strategy is designed to be flexible and responsive to market opportunities [2] Company Overview - Sequans Communications specializes in wireless 4G/5G cellular technology for the Internet of Things (IoT) and is a pioneer in Bitcoin Treasury [4][5] - The company offers a comprehensive portfolio of 4G/5G solutions tailored for IoT applications, focusing on innovation in wireless connectivity, power efficiency, and security [5] - Founded in 2003 and headquartered in France, Sequans operates globally with offices in multiple countries [6]