US-listed company Sequans announces $384 million in financing to launch Bitcoin reserve program
Online reports, according to official sources, Sequans Communications S.A., a 5G/4G IoT semiconductor and module developer and supplier. (NYSE: SQNS) today announced that it will launch the Bitcoin Treasury program, marking its strategic expansion beyond its core cellular IoT semiconductor business. To advance the plan, the company has reached an agreement to issue and sell approximately US$195 million in equity securities and US$189 million in convertible secured bonds through private placement, with a total financing scale of approximately US$384 million.
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