sqns-jul-2028-conv

Sequans Communications S.A.

Notes

50% of principal redeemed; financed by selling BTC

Outstanding

$94.50M

Issue date

2025-07-07

Principal

$189.00M

Coupon

0.00%

Maturity

2028-07-07

Conversion price

$21

Terms sources(2)

$38.4M Strategic Investment & BTC Treasury Launch
Initial disclosure (terms not disclosed)
Sequans Communications S.A. — 2025-07-07
Source
Bitcoin Treasury Dashboard
Later disclosure (conversion price, maturity)
Sequans Communications S.A. — 2026-01-06
Source

Outstanding history(2)

As of	Outstanding	Kind	Locator	Source
2025-11-04	$94.50M	INFERRED	—	Source
2025-07-07	$189.00M	REPORTED	—	Source

2025-11-04 — $94,500,000 — INFERRED
press_release — Sequans Communications S.A.
Source
2025-07-07 — $189,000,000 — REPORTED
press_release — Sequans Communications S.A.
Source