Sequans

Canaccord Genuity is pleased to announce that on June 19, 2017, it completed the US$16.4 million public offering of American Depository Shares (ADSs) for Sequans Communications S.A. (NYSE: SQNS), representing 4,312,500 ordinary shares, including exercise of the 15% overallotment option, at a price of $3.80 per ADS, under an effective shelf registration statement.  Canaccord Genuity acted as the sole book-running manager of the offering and B. Riley acted as co-manager.  Sequans expects to use the net proceeds from the offering for general corporate purposes.

Sequans is a leading provider of single-mode 4G LTE wireless semiconductor solutions for Internet of Things (“IoT”) and a wide range of broadband data devices. Founded in 2003, Sequans has developed and delivered seven generations of 4G technology and its chips are certified and shipping in 4G networks around the world. Today, Sequans offers two LTE product lines: StreamliteLTE™, optimized for IoT and M2M devices and StreamrichLTE™, optimized for feature-rich mobile computing and home and portable router devices. The Company is based in Paris, France with additional offices in the United States, United Kingdom, Sweden, Israel, China, Hong Kong, Japan, Korea and Singapore. 

This bookrun equity financing is Canaccord Genuity’s second for the Company, following the successful $25 million financing in September 2016 at a price of $1.65 per ADS.