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Sequans Communications S.A. (NYSE:SQNS), a pioneer in adopting Bitcoin as its primary treasury reserve asset and a leading provider of cellular IoT semiconductor solutions, today announced that its Board of Directors has authorized a program to repurchase up to 1.57 million American Depositary Shares ("ADSs") at the current ADS ratio, representing approximately 10% of the Company's currently outstanding ADSs, through June 30, 2026. This initiative reflects the Company's commitment to long-term value creation through its Bitcoin Treasury strategy.
Under the authorization, Sequans may repurchase ADSs at its discretion from time to time, in amounts and at prices deemed appropriate, subject to market conditions and compliance with applicable legal requirements, including that the Company not be in the possession of material non-public information. Purchases may be made through open market transactions or other methods permitted under securities laws and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended.
The ADS repurchase program does not obligate Sequans to acquire any specific number of shares and may be modified, suspended, or discontinued at any time at the Company's discretion.
Posted In: SQNS
