SQNS ownership update: Boothbay and Ari Glass disclose 0 shares

Rhea-AI Filing Summary

Sequans Communications S.A. received an amended Schedule 13G filing showing that Boothbay Fund Management LLC and Ari Glass report 0 Ordinary Shares beneficially owned and 0% of the class. The filing relates to an event dated 09/30/2025.

The shares referenced were held by funds managed by Boothbay, with certain authority delegated to subadvisors, and the reporting persons expressly disclaim beneficial ownership except to any pecuniary interest. They certify the securities were held in the ordinary course and not to change or influence control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Sequans Communications S.A.

(Name of Issuer)

Ordinary Shares, nominal value 0.02

(Title of Class of Securities)

817323207

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 817323207

1

Names of Reporting Persons

Boothbay Fund Management LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA, OO

Comment for Type of Reporting Person: Please see note in Item 4(a)

SCHEDULE 13G

CUSIP No. 817323207

1

Names of Reporting Persons

Ari Glass

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

HC, IN

Comment for Type of Reporting Person: Please see note in Item 4(a)

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Sequans Communications S.A.
(b)	Address of issuer's principal executive offices: 15-55 Blvd Charles De Gaulle, Les Portes De La Defense Colombes, France 92700
Item 2.
(a)	Name of person filing: Boothbay Fund Management, LLC* Ari Glass*
(b)	Address or principal business office or, if none, residence: 140 East 45th Street, 16th Floor New York, NY 10017
(c)	Citizenship: Boothbay Fund Management, LLC - Delaware Ari Glass - United States
(d)	Title of class of securities: Ordinary Shares, nominal value 0.02
(e)	CUSIP No.: 817323207
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Boothbay Fund Management, LLC - 0* Ari Glass - 0* * The Ordinary Shares (the Shares) of the Issuer reported herein are held by one or more private funds (the Funds), which are managed by Boothbay Fund Management, LLC, a Delaware limited liability company (the Adviser). Ari Glass is the Managing Member of the Adviser. The Adviser has delegated to certain subadvisors (collectively, Subadvisors) the authority to act on behalf of the Funds, including the sole authority to vote and direct the disposition of certain Shares held by the Funds, and such Shares maybe reported in regulatory filings made by such Subadvisors. However, this report is being made to the extent that, for the purposes of Reg. Section 240.13d-3, the reporting persons herein are deemed to beneficially own the Shares reported herein. The filing of this report shall not be deemed an admission, for purposes of Section 13(f), 13(d), 13(g) or 16(a) of the Securities Exchange Act of 1934, as amended (the Exchange Act) or otherwise, that the Adviser, the Funds, Ari Glass or any other person has beneficial ownership of any securities reported herein and, notwithstanding the inclusion of any security in this report, the Adviser, the Funds, and Ari Glass expressly disclaim beneficial ownership of any security reported herein, except to the extent of the Advisers, the Funds, or Ari Glasss pecuniary interest therein (if any), with respect to the Shares which the Adviser has delegated sole investment and voting discretion to a Subadvisor and does not presently have the right to terminate such delegation within sixty days.
(b)	Percent of class: Boothbay Fund Management, LLC - 0%* Ari Glass - 0%*
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Boothbay Fund Management, LLC - 0 Ari Glass - 0
	(ii) Shared power to vote or to direct the vote: Boothbay Fund Management, LLC - 0* Ari Glass - 0*
	(iii) Sole power to dispose or to direct the disposition of: Boothbay Fund Management, LLC - 0 Ari Glass - 0
	(iv) Shared power to dispose or to direct the disposition of: Boothbay Fund Management, LLC - 0* Ari Glass - 0*
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Boothbay Fund Management LLC

Signature:	/s/ Ari Glass
Name/Title:	Ari Glass, Managing Member
Date:	11/14/2025

Ari Glass

Signature:	/s/ Ari Glass
Name/Title:	Individually
Date:	11/14/2025

Exhibit Information

Exhibit I - JOINT FILING STATEMENT

FAQ

What did SQNS disclose in this Schedule 13G/A?

Boothbay Fund Management LLC and Ari Glass reported beneficial ownership of 0 Ordinary Shares, representing 0% of Sequans Communications S.A.'s class.

Who are the reporting persons in SQNS's 13G/A?

The reporting persons are Boothbay Fund Management LLC and Ari Glass.

What is the date of the event for this filing?

The filing relates to an event dated 09/30/2025.

What class of securities does this filing cover for SQNS?

It covers Ordinary Shares of Sequans Communications S.A., nominal value 0.02.

Did Boothbay or Ari Glass claim voting or dispositive power over SQNS shares?

They reported 0 for sole and shared voting and dispositive power.

What certification did the reporting persons make?

They certified the securities were acquired and held in the ordinary course of business and not to change or influence control.