SQNS cuts convertible debt by half, funded through 970 Bitcoin sale

Rhea-AI Filing Summary

Sequans Communications S.A. (SQNS) reported that it redeemed 50% of the convertible debt issued in its July 7, 2025 offering, which had a face value of $94.5 million. The redemption was funded through the sale of 970 Bitcoin. The company furnished this update in a Form 6-K/A and attached the related press release as Exhibit 99.1.

Insights

Capital structure analyst

Debt reduction by 50% funded with 970 BTC sale.

Sequans disclosed the redemption of 50% of its convertible debt from the July 7, 2025 issuance, which carried a face value of $94.5 million. The filing states the redemption was funded by selling 970 Bitcoin, indicating a shift from crypto holdings to reduce outstanding convertible obligations.

Converting crypto assets into cash to redeem debt can lower interest and potential dilution tied to convertibles, though the filing does not list terms or pricing specifics. The net effect on cash and leverage depends on the original debt terms and the proceeds realized from selling the Bitcoin.

Subsequent disclosures may detail remaining principal outstanding and any changes to conversion features or covenants following the November 4, 2025 announcement.

FAQ

What did Sequans Communications (SQNS) announce in this 6-K/A?

Sequans redeemed 50% of the convertible debt issued on July 7, 2025, with a face value of $94.5 million.

How did SQNS fund the debt redemption?

The redemption was funded through the sale of 970 Bitcoin.

What is the face value tied to the redeemed convertible debt?

The issuance carried a face value of $94.5 million.

When was the related press release issued?

The press release was dated November 4, 2025 and attached as Exhibit 99.1.

Which registration statements incorporate this 6-K/A by reference?

It is incorporated into Sequans’ Form S-8 (listed file numbers) and Form F-3 (listed file numbers).

What is the form type and period for this SQNS filing?

It is a Form 6-K/A for the month of November 2025.

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Accepted by SEC EDGAR 11/04/2025 - 06:15 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K/A

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934

For the month of November 2025

Commission File Number: 001-35135

Sequans Communications S.A.

(Translation of Registrant’s name into English)

15-55 boulevard Charles de Gaulle

92700 Colombes, France

Telephone : +33 1 70 72 16 00

(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F R Form 40-F £

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes £ NoR

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes £ NoR

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.  

The information in this report furnished on Form 6-K shall be incorporated by reference into each of the following Registration Statements under the Securities Act of 1933, as amended, of the registrant: Form S-8 (File Nos. 333-203539, 333-211011, 333-214444, 333-215911, 333-219430, 333-226458, 333-233473, 333-239968, 333-259914, 333-266481 and 333-289027) and Form F-3 (File Nos. 333-271884, 333-288708, 333-288709 and 333-289847).

EXPLANATORY NOTE

On November 4, 2025, Sequans Communications S.A. issued a press release announcing the redemption of 50% of the convertible debt issued in its recent offering on July 7, 2025 with a face value of $94.5 million. This redemption is funded through the sale of 970 Bitcoin. A copy of the press release is attached to this Form 6-K as Exhibit 99.1 and is incorporated herein by reference.

EXHIBIT INDEX

The following exhibit is filed as part of this Form 6-K:

Exhibit			Description
99.1			Press release dated November 4, 2025.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SEQUANS COMMUNICATIONS S.A. (Registrant)

Date: November 4, 2025

By:

/s/ Deborah Choate

Deborah Choate

Chief Financial Officer