Welcome to our dedicated page for Sequans Communications S A SEC filings (Ticker: SQNS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Sequans Communications S.A. uses Form 6-K reports to document its foreign-private-issuer disclosures for a France-based issuer whose American depositary shares represent ordinary shares. The filings include unaudited financial results, press-release exhibits, incorporation by reference into Form S-8 and Form F-3 registration statements, and disclosures tied to its 4G/5G cellular IoT semiconductor business.
Recent filings also cover shareholder meeting materials under French corporate law, ADS voting and ordinary-share capital actions, board and management changes, NYSE continued-listing compliance, secured convertible debenture arrangements, and Bitcoin digital-asset treasury matters. These records frame Sequans’ governance, capital structure, registration capacity, and public-company reporting obligations.
Debray Bertrand reported acquisition or exercise transactions in this Form 4 filing.
SEQUANS COMMUNICATIONS Chief of Staff Bertrand Debray reported an equity award of 1,970,000 ordinary shares on May 7, 2026. The shares were granted at no cash cost as a compensation-related grant, not an open-market purchase. Following this award, Debray holds 2,757,518 ordinary shares, including 2,757,500 shares subject to vesting. Each American Depositary Share represents 100 ordinary shares.
SEQUANS COMMUNICATIONS CFO Norman Brodt filed an initial ownership report showing Restricted Share Units (RSUs) linked to 600,000 ordinary shares. These RSUs vest over time, with the final vesting date on August 5, 2028. The RSUs have no exercise price, and each American Depositary Share represents 100 ordinary shares.
Sequans Communications S.A. filed a report as a foreign private issuer describing a change in its certifying accountant. The company states it did not consult Forvis Mazars S.A. during 2024 or 2025, or through the filing date, on specific accounting applications, audit opinions, or any matters involving disagreements or reportable events.
The company provided these disclosures to its former auditor, Ernst & Young Audit, which issued a letter agreeing with specified statements in the filing. Ernst & Young notes that a previously disclosed material weakness in internal control over financial reporting, referenced in the company’s 2024 and 2025 annual reports, was considered when planning and performing its audits.
Sequans Communications reported a planned CFO transition. Longtime Chief Financial Officer Deborah Choate will retire effective June 30, 2026 after a 19-year tenure with the company. The current Vice President, Finance, Norman Brodt, will become CFO upon her retirement.
Management highlights Choate’s role in strengthening Sequans’ financial position and leading strategic initiatives, and notes that she will support a smooth transition. Brodt has served as VP Finance since January 2025 with responsibilities including financial planning, capital allocation, and reporting, and previously held senior finance roles at Alcatel Lucent/Nokia.
Sequans Communications has completed the redemption of all remaining convertible debt issued in July 2025, funded by selling part of its Bitcoin holdings. Management describes the company as moving to a near debt-free balance sheet, which simplifies its capital structure and increases financial flexibility.
After the transaction, Sequans holds approximately 658 Bitcoin, all unrestricted, and plans to gradually monetize these holdings as it exits its prior Bitcoin treasury strategy. The company emphasizes a renewed focus on its core IoT semiconductor business, including 4G LTE-M and Cat-1bis chipsets, its 5G eRedCap roadmap, and growing demand for its RF transceiver solutions in areas such as defense, drones, and industrial IoT.
Sequans Communications is calling a June 30, 2026 shareholders’ meeting to approve 2025 accounts and refresh its equity and governance framework. The statutory financial statements show a loss of €46,221,912, while consolidated accounts report a loss of US$109,278,706, both allocated to retained earnings.
Shareholders are asked to approve up to 25,000,000 stock subscription warrants for five non‑executive directors, each receiving 5,000,000 warrants at a €0.000001 subscription price, exercisable over ten years at 1/100th of the NYSE ADS closing price. The Board also seeks an overall ceiling of 150,000,000 new shares (about 10% of capital) for partner warrants and restricted free shares to employees and officers, and a separate authority to issue up to €7,500,000 in nominal share capital plus up to €15,000,000 of convertible debt for strategic transactions, all with preemptive rights waived for specified investors.
Additional items include updating non‑executive director cash compensation, renewing a director’s mandate, appointing Forvis Mazars S.A. as statutory auditor, amending bylaws to allow written board consultations and voting by correspondence, and an employee share issue authority up to 3% of capital, which the Board explicitly recommends shareholders reject.
Sequans Communications reports a Schedule 13G disclosing a 5.0% stake. Leviticus Partners, through Adam M. Hutt as Managing Member, reports beneficial ownership of 750,112 American Depositary Shares representing the class. The filing is dated 05/19/2026 and lists voting and dispositive power held solely by the reporting person.
SEQUANS COMMUNICATIONS CEO Georges M. Karam received an award of 6,000,000 Ordinary Shares as equity compensation. The Form 4 shows this as a grant/award acquisition at a price of $0.00 per share, meaning it was not an open-market purchase.
The footnotes describe the award as "restricted free shares," with all shares subject to vesting conditions. After this grant, Karam directly holds 11,472,772 Ordinary Shares, and 11,465,056 of these are subject to vesting. This reflects a large, structured compensation grant rather than a discretionary market trade.
SEQUANS COMMUNICATIONS Chief of Staff Bertrand Debray reported an equity compensation grant. He acquired 2,420,000 Ordinary Shares on a grant basis at $0.00 per share, classified as restricted free shares subject to vesting. Following this award, his direct holdings total 3,207,518 Ordinary Shares, including 3,207,500 shares that are still subject to vesting conditions. This reflects a compensation-related share award rather than an open-market purchase.
Sequans Communications S.A. files its annual report on Form 20-F for the year ended December 31, 2025, highlighting a challenging year financially and strategically. The company reports a net loss of $109.3 million, including an unrealized impairment loss of $67.4 million on its Bitcoin holdings, and an accumulated deficit of $145.1 million. Sequans outlines a new Bitcoin treasury strategy that concentrates a large portion of its assets in Bitcoin and links repayment of its Secured Convertible Debentures to Bitcoin value, exposing results and ADS trading price to continued Bitcoin volatility and regulatory scrutiny. The report emphasizes dependence on a small customer base, reliance on a single foundry, global supply chain constraints, rapid 4G/5G technology shifts, and material weaknesses in internal control over financial reporting identified in 2024 and 2025, all of which could continue to pressure profitability and increase risk.