Sequans Communications S.A. Announces Proposed Underwritten Public Offering of American Depositary Shares
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Sequans Communications (SQNS) Prices 15.15M ADS Offering for Net Proceeds of $22.9M
September 15, 2016 9:03 AM EDTSequans Communications S.A. (NYSE: SQNS) announced the pricing of an underwritten public offering of American Depositary Shares (ADSs), representing 15,151,520 ordinary shares, at a price of $1.65 per ADS, in an underwritten public offering under an effective shelf registration statement (the Offering) filed with the Securities and Exchange Commission (the SEC). The Company has also granted to the underwriters a 30-day option to acquire an additional 2,272,728 ADSs to cover overallotments, if any, in connection with the Offering. After... More
