Sequans to fund half of $94.5M convert redemption by selling Bitcoin

Rhea-AI Filing Summary

Sequans Communications S.A. reported the redemption of 50% of its convertible debt issued on July 7, 2025, which had a face value of $94.5 million. The company stated the redemption will be funded through the sale of 1,000 Bitcoin.

This update was furnished via a Form 6-K and accompanied by a press release dated November 4, 2025. Reducing half of the outstanding convertible debt lowers potential future conversion overhang while using Bitcoin proceeds provides a non‑equity funding source.

Insights

Capital Structure Analyst

Sequans redeems half of its $94.5M converts using Bitcoin proceeds.

Sequans disclosed a redemption of 50% of the convertible debt issued on July 7, 2025, tied to a face value of $94.5 million. That implies a redeemed principal of about $47.25 million, directly reducing outstanding convertible obligations.

The company states the redemption will be funded through the sale of 1,000 Bitcoin, indicating use of digital asset holdings rather than new equity or debt. This approach avoids immediate shareholder dilution that can accompany equity raises, while decreasing potential conversion overhang from the notes.

The press release dated November 4, 2025 is referenced. Actual impact will depend on the remaining note terms and any subsequent capital actions the company may disclose.

FAQ

What did SQNS announce in its Form 6-K?

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

How is SQNS funding the debt redemption?

The company stated the redemption is funded through the sale of 1,000 Bitcoin.

What is the size of the convertible debt referenced by SQNS?

The filing cites a face value of $94.5 million for the convertible debt issued on July 7, 2025.

When was the related press release issued by SQNS?

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

Does this 6-K integrate with SQNS registration statements?

Yes. The information is incorporated by reference into SQNS’s Form S-8 and Form F-3 registration statements listed in the filing.

What is the potential amount of principal being redeemed?

Redeeming 50% of the $94.5 million face value implies about $47.25 million of principal.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 6-K: How Foreign Companies Report to the SEC →

Accepted by SEC EDGAR 11/04/2025 - 06:00 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

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 [1,000] 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