Sequans Communications S.A.: Sequans Announces $50 Million Financing to Strengthen Balance Sheet
Use of proceeds to include repayment of convertible debt due April 14, 2021, if not converted; repayment of euro-based venture debt, and general corporate purposes
Sequans Communications S.A. (NYSE: SQNS), leading developer and provider of 5G and 4G solutions for broadband, critical, and massive IoT, announced today the signing of a $50 million private financing with Lynrock Lake Master Fund LP, a fund managed by Lynrock Lake LP ( Lynrock Lake ), an investment management firm with approximately $1.2 billion of assets under management. The financing consists of $10 million of American Depository Shares (ADS) and $40 million principal amount of convertible debt. The financing is scheduled to close April 9, 2021.
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Use of proceeds to include repayment of convertible debt due April 14, 2021, if not converted; repayment of euro-based venture debt, and general corporate purposes
Sequans Communications S.A. (NYSE:SQNS), leading developer and provider of 5G and 4G solutions for broadband, critical, and massive IoT, announced today the signing of a $50 million private financing with Lynrock Lake Master Fund LP, a fund managed by Lynrock Lake LP ( Lynrock Lake ), an investment management firm with approximately $1.2 billion of assets under management. The financing consists of $10 million of American Depository Shares (ADS) and $40 million principal amount of convertible debt. The financing is scheduled to close April 9, 2021.
Sequans Communications S A : Sequans Announces Filing and Availability of 2020 Annual Report on Form 20-F finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
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Sequans Announces Filing and Availability of 2020 Annual Report on Form 20-F
April 1, 2021 GMT
PARIS (BUSINESS WIRE) Apr 1, 2021
Sequans Communications S.A. (NYSE: SQNS), leading developer and provider of 5G and 4G solutions for broadband, critical, and massive Io, announced today that its Annual Report on Form 20-F for the year ended December 31, 2020 has been filed with the Securities and Exchange Commission (“SEC”) and is available on the Company’s website www.sequans.com in the Investors section under Financial Information and SEC Filings, as well as from the SEC’s website www.sec.gov.
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