July 8, 2025 - B. Riley Securities, Inc. ("BRS"), a leading middle market investment bank, acted as joint lead placement agent in connection with two private placement transactions for Sequans Communications S.A. (NYSE: SQNS) ("Sequans" or the "Company").
BRS acted as joint lead placement agent on a $195 million private placement and a $189 million convertible notes offering, resulting in total gross proceeds of approximately $384 million to the Company.
Sequans is a legacy Paris-based fabless semiconductor company focused on 4G and 5G chipsets for IoT applications. Net proceeds from these transactions will support the Company's Bitcoin treasury initiative, marking its evolution from a legacy semiconductor business to a pure-play BTC capital markets proxy.
Sequans joins a growing number of companies adopting Bitcoin-focused treasury strategies, reflecting broader momentum toward cryptocurrency integration in corporate finance.
Lowenstein Sandler LLP acted as U.S. legal counsel and ARCHERS (AARPI) acted as French legal counsel to the Company. Goodwin Procter, LLP acted as U.S. and French legal counsel to the placement agents.
BRS' team was led by Jimmy Baker and Ryan Aceto, and included Dawn Farrell, Pat Pilouk, and Sam Cook. To learn more about the transaction, read here.
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