Sequans Communications Announces Completion of ADS Repurchase Program and Approval of New Buyback Authorization

Core Viewpoint - Sequans Communications has successfully completed its ADS repurchase program and has initiated a new buyback program to enhance shareholder value through disciplined capital allocation and strategic execution [1][3]. Group 1: ADS Repurchase Program - As of December 17, 2025, Sequans repurchased a total of 1,516,973 American Depositary Shares (ADSs), which is approximately 9.7% of the outstanding ADSs, at an average price of $6.17 per ADS [2]. - The current number of outstanding ADSs is approximately 14.5 million, or 15.5 million if including potential exercise of pre-funded warrants, resulting in a 6.1% yield in Bitcoin per outstanding ADS [2]. - The repurchase was funded through proceeds from recent Bitcoin dispositions, reflecting the company's disciplined capital allocation strategy [2]. Group 2: New Buyback Program - The Board of Directors has approved a new ADS repurchase program, allowing for the buyback of up to an additional 10% of the outstanding ADSs [4]. - The timing and amount of repurchases under the new program will depend on market conditions, ADS price, and other factors, and will be executed in accordance with applicable regulations [4]. Group 3: Company Overview - Sequans Communications S.A. is a leading fabless semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT) and is a pioneer in Bitcoin Treasury [7]. - The company designs and develops innovative technologies that support AI-connected applications, including secured payment, smart mobility, and smart cities [7]. - Founded in 2003 and headquartered in France, Sequans operates globally with offices in multiple countries, including the United States, United Kingdom, and China [8].