Sequans intends to conduct public sale of American Depositary Shares

Bookrunner Canaccord Genuity to help fund general corporate purposes

By Devika Patel

Knoxville, Tenn., Sept. 14 – Sequans Communications SA said it plans to price a public offering of American Depositary Shares, representing ordinary shares, with a 30-day greenshoe.

Canaccord Genuity Corp. is the bookrunner.

Bpifrance Participations SA has indicated an interest in purchasing ADSs in the offering to maintain or increase its 10% ownership in the company.

Proceeds will be used for general corporate purposes.

The France-based company is a maker of 4G LTE wireless semiconductor solutions for the Internet of Things.

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