Sequans Restores NYSE Compliance After $195 Million Private Placement
Sequans Communications regained NYSE continued listing compliance after its global market capitalization and shareholders' equity, previously below $50 million, were restored through a $195 million equity private placement closed July 7, 2025. The NYSE confirmed full compliance following corrective measures that addressed its June 5, 2025 non-compliance notification.
1. Regains NYSE Listing Compliance
On January 15, 2026, Sequans Communications S.A. confirmed that it has regained full compliance with the New York Stock Exchange continued listing standards. The company had been notified of non-compliance on June 5, 2025 after its average global market capitalization fell below $50 million over a consecutive 30-trading-day period and its stockholders' equity dipped under $50 million. NYSE officials have now verified that Sequans meets all applicable requirements, reinstating its status as a fully listed company.
2. Corrective Actions and Equity Injection
To address the deficiencies, Sequans closed a $195 million private equity placement on July 7, 2025, which boosted both its market capitalization and shareholders' equity well above the NYSE thresholds. This placement was oversubscribed by more than 20%, drawing participation from leading institutional investors and existing strategic partners. The resulting capital infusion reduced leverage and strengthened the balance sheet, providing over 18 months of runway based on current cash burn rates.
3. Strategic and Operational Impact
The restoration of NYSE compliance underscores Sequans' disciplined execution of its long-term strategy to lead in 4G/5G IoT semiconductors and Bitcoin treasury innovation. CEO Georges Karam highlighted that the company will now accelerate development of its 5G NR RedCap platform and expand partnerships in e-health and smart mobility sectors. With global operations spanning eight countries and revenues of $36.8 million in the third quarter of 2025, Sequans projects sequential revenue growth of 10–15% in H1 2026 as new design wins ramp in North America and Asia.