Sequans Communications (SQNS) Prices 4.85M ADS Offering at $5.15/ADS
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Sequans Communications S.A. Announces Pricing of Underwritten Public Offering of American Depositary Shares
May 12, 2020 8:00 AM EDTPARIS--(BUSINESS WIRE)-- Sequans Communications S.A. (NYSE: SQNS), (Sequans or the Company), a leading developer and provider of 5G and 4G chips and modules for IoT devices, today announced the pricing of an underwritten public offering of 4,854,369 American Depositary Shares (ADSs), representing 19,417,476 ordinary shares, at a price of $5.15 per ADS, in an underwritten public offering under an effective shelf registration statement 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 728,155 ADSs to cover overallotments, if any, in connection with the... More
