Brief: Sequans Communications Expects To Sell Ordinary Shares For A Total Value Of $10-20 Million To Certain Existing Shareholders

Sequans Communications SA

31/03/2023 11:51

March 31 (Reuters) - Sequans Communications SA  SQNS.N :
    * SEQUANS COMMUNICATIONS SA -  EXPECTS TO SELL ORDINARY
SHARES FOR
A TOTAL VALUE OF $10-20 MILLION TO CERTAIN EXISTING SHAREHOLDERS
    * SEQUANS COMMUNICATIONS: SINCE FEB 14, HAS GOT INTEREST
FROM
MULTIPLE PARTIES, INCLUDING A NON-BINDING INDICATION OF INTEREST
REQUESTING DUE DILIGENCE
    * SEQUANS COMMUNICATIONS SA -  IN ORDER TO PUT CO IN
POSITION TO
PURSUE ALL STRATEGIC ALTERNATIVES, BOARD INTENDS TO REINFORCE
CO'S BALANCE SHEET
    * SEQUANS COMMUNICATIONS SA - CO HAS ENGAGED AN INVESTMENT
BANK TO
ASSIST IN EVALUATING AND PURSUING CERTAIN STRATEGIC ALTERNATIVES

Source text for Eikon:  ID: 
Further company coverage:  SQNS.N 

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