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Tag: NYSE:SQNS

  • Sequans (SQNS) Stock Sees Pre-Market Boost On Strategic Expansion

    Sequans (SQNS) Stock Sees Pre-Market Boost On Strategic Expansion

    Pre-market trading is seeing a significant increase in Sequans Communications S.A. (NYSE: SQNS) shares after the company’s most recent disclosure about its bitcoin holdings. When the last check was made during Monday’s pre-market session, SQNS shares were trading at $3.15, up 17.76%.

    The spike comes after it was revealed that Sequans had paid an average of around $118,659 per bitcoin, including fees, for an additional 1,264 bitcoins, for a total estimated cost of $150 million. As of July 18, 2025, the corporation has bought 2,317 bitcoins for a total of almost $270 million, or an average of $116,493 per bitcoin.

    Consistent Expansion of Bitcoin Holdings

    This comes after a similar action was taken only a week prior. Sequans said on July 14, 2025, that it had paid almost $79 million for 683 bitcoins, with an average price of $116,213 per bitcoin. The corporation owned 1,053 bitcoin units at the time, valued at around $120 million, with an average purchase price of $113,893 per bitcoin.

    Strategic Funding to Support Treasury Vision

    Earlier this month, Sequans successfully completed previously announced private placements of both debt and equity securities, raising a total of $384 million. The offering drew participation from over 40 institutional investors and was explicitly structured to support the company’s bitcoin treasury strategy.

    According to Sequans, all net proceeds from the offering were allocated toward bitcoin acquisitions and general corporate purposes directly linked to this initiative.

    Long-Term Vision and Institutional Collaboration

    Now that the funding is done, Sequans has started the implementation stage of their treasury strategy that focuses on bitcoin. The business thinks that the intrinsic qualities of bitcoin, such its security, decentralization, and scarcity, may bolster its financial stability and support long-term value generation for investors.

    Sequans has stated that it would keep buying bitcoin with its extra operational funds and future earnings. To ensure strong execution and governance, Sequans plans to collaborate with Swan Bitcoin, a recognized institutional platform known for its robust market infrastructure and transparency.

  • Sequans (SQNS) Sees Continued Pre-Market Rally Following Equity Funding News

    Sequans (SQNS) Sees Continued Pre-Market Rally Following Equity Funding News

    Sequans Communications S.A. (NYSE: SQNS) shares soared 44.06% on Tuesday, closing at $2.06 after the company announced the closing of its equity and debt funding tied to a new bitcoin treasury initiative. The stock extended its upward trend into Wednesday’s pre-market session, registering an additional 8.80% gain to reach $2.21 at the latest check.

    Major Investment to Support Digital Asset Expansion

    Sequans confirmed the successful completion of its previously disclosed private placement offering, raising a total of $384 million from over 40 institutional investors. The capital injection will primarily support the acquisition of bitcoin under Sequans’ new treasury strategy, marking SQNS’ official entrance into digital asset management. The funds will also cover general corporate needs associated with this bitcoin acquisition, in line with the Offering’s security and collateral terms.

    Detailed Offering Structure and Investor Participation

    American Depositary Shares (ADSs) totaling 139,444,614 were sold as part of the Offering; each ADS represented 10 common shares with a nominal value of €0.01. At a total price of $1.40 per unit, these ADSs, or comparable pre-funded warrants, were coupled with common warrants that permitted the purchase of up to 20,916,680 ADSs. This component of the Offering generated $195 million in gross proceeds.

    Additionally, Sequans issued $189 million in secured convertible debentures maturing July 7, 2028, with a 4% original issue discount. These debentures can be converted into ordinary shares or equivalent pre-funded warrants at a conversion price of $2.10 per ADS. This portion of the Offering also included common warrants exercisable within 90 days, allowing the purchase of up to 20,249,997 ADSs. Combined, the total gross proceeds amounted to approximately $376 million.

    Strategic Execution with Institutional Partnership

    If all common warrants are fully exercised, Sequans could gain an additional $57.6 million, also earmarked for bitcoin purchases. In order to direct the implementation of the treasury strategy, the firm has chosen Swan Bitcoin as its institutional services partner. As SQNS incorporates bitcoin into its larger financial framework, this cooperation is anticipated to provide long-term shareholder value, transparent governance, and secure infrastructure.

  • Sequans (SQNS) Gains Pre-Hour Buzz With Bold Bitcoin Treasury Strategy

    Sequans (SQNS) Gains Pre-Hour Buzz With Bold Bitcoin Treasury Strategy

    After Sequans Communications S.A. (NYSE: SQNS) announced a bitcoin treasury strategy, the company’s shares jumped 15.54% in pre-market trading to $2.23. This daring move represents a strategic shift away from its conventional emphasis on the semiconductor cellular IoT market.

    Strategic Financing to Fund Bitcoin Initiative

    Sequans plans to use a combination of loan placements and private equity to generate about $384 million in total revenues. Approximately $189 million in convertible secured debentures and $195 million in equity instruments are part of the deal. In keeping with its view of bitcoin’s long-term potential as a robust and valued asset for shareholders, the business plans to create a bitcoin treasury, which this capital round will help to fund.

    Collaboration with Swan Bitcoin and Continued IoT Commitment

    Sequans plans to work with Swan Bitcoin, a pioneer in bitcoin treasury management systems, to carry out its bitcoin treasury effort. Sequans reaffirmed its commitment to its primary goal of developing 4G and 5G cellular IoT technology while welcoming this new course. The company maintains a strong product roadmap to support evolving IoT application demands and facilitate a smooth transition from 4G to 5G.

    Details of the Private Placement Offerings

    Sequans has concluded agreements for the sale of 1,392,857,140 ordinary shares (nominal value €0.01 per share), represented by 139,285,714 ADSs or pre-funded warrants, in addition to common warrants to purchase up to 208,928,460 ordinary shares (20,892,846 ADSs). The total cost of these instruments will be $0.14 per common share, or $1.40 each warrant and ADS.

    Convertible debentures for $189 million and further rights to buy up to 202,499,980 common shares (20,249,998 ADSs) have also been obtained by the firm. Within ninety days following their separate closings, the warrants from both placements can be exercised.

    Closing Timeline and Shareholder Approval

    The offering is anticipated to conclude on or around July 1, 2025, subject to the satisfaction of normal closing conditions and shareholder approval at Sequans’ June 30, 2025, general meeting.

  • Market Movers: What changed for these 45 stocks while you were sleeping

    FuelCell Energy Inc. (FCEL) stock soared 7.34% to $4.02 in the pre-market trading. The most recent rating by JP Morgan, on October 08, 2020, is Overweight.

    Blink Charging Co. (NASDAQ: BLNK) shares are trading up 5.5% at $12.86 at the time of writing after the company introduction of its innovative Cable Management Solution for use with both new Blinks charging stations and retrofit installations of its IQ 200 charging stations. Blink’s 52-week range was noted as $1.25 to $14.58.

    Canaan Inc. (CAN) grew over 6.38% at $3.5 in pre-market trading today after the announced its third-quarter earnings results.

    Zomedica Pharmaceuticals Corp. (ZOM), a Drug Manufacturers – Specialty & Generic company, rose about 6.25% at $0.119 in pre-market trading Tuesday.

    American Resources Corporation (AREC) stock moved up 6.17 percent to $1.72 in the pre-market trading after the company announced that Mark Jensen, Chairman, and CEO of American Resources Corporation was chosen to attend the Proactive ONE2ONE Strategic Metals Supply Chain Investor Forum on Tuesday, November 10, 2020, at 1:00 PM ET.

    Li Auto Inc. (LI) gained over 6.78% at $37.96 in pre-market trading Tuesday 17 November 2020 after the company announced an upbeat Earnings result.

    Anworth Mortgage Asset Corporation (ANH) is up more than 5.42% at $2.14 in pre-market hours Tuesday 17 November 2020 after the announcement by the company that in accordance with the terms of Anworth’s 8.625% Series A Cumulative Preferred stock, the board of directors declared a Series A Preferred Stock dividend of $0.539063 per share for the fourth quarter of 2020. The stock had jumped over 11.54% to $2.03 in the last trading session.

    Before the trading started on 17 November 2020, Kandi Technologies Group Inc. (KNDI) is up 4.74% to reach $8.4 as the report arrives that it closed a registered direct offering of 9,404,392 units of its securities at a purchase price per Unit of $6.38, generating aggregate gross proceeds to the Company of approximately $60,000,000, before deducting fees to the placement agent and other estimated offering expenses payable by the Company. It has been trading in a 52-week range of $2.17 to $17.40.

    New Concept Energy Inc. (GBR) stock soared 16.48% to $2.12 in the pre-market trading following the announcement of the company’s Q3 2020, fiscal results.

    Vaxart Inc. (NASDAQ: VXRT) shares are trading up 7.36% at $5.98 at the time of writing. The company’s 52-week range was noted as $0.27 to $17.49 as the company said it is hosting a key opinion leader panel call for investors. Analysts have a consensus price target of $17.

    Platinum Group Metals Ltd. (PLG) grew over 3.54% at $2.05 in pre-market trading today.

    Muscle Maker Inc. (GRIL), a Restaurant company, rose about 2.94% at $2.1 in pre-market trading Tuesday after the company announced the launch of its online meal plan delivery service platform.

    Sasol Limited (SSL) stock moved up 3.73 percent to $7.51 in the pre-market trading after the company announced the beneficial operation of the Louisiana low-density polyethylene unit.

    Ocean Power Technologies Inc. (OPTT) gained over 2.23% at $1.83 in pre-market trading Tuesday 17 November 2020 after the company announced receipt of a DeepStar project award to study the deployment and operational requirements of utilizing OPT’s PB3 PowerBuoy to provide remotely controllable zero-carbon power for deepwater subsea oil production applications.

    Waitr Holdings Inc. (WTRH) is up more than 3.26% at $2.85 in pre-market hours Tuesday 17 November 2020 after the company earnings beat analysts’ expectations. The stock had jumped over 5.34% to $2.76 in the last trading session.

    Before the trading started on 17 November 2020, XPeng Inc. (XPEV) is up 6.33% to reach $46.89 after the company announced upbeat operating and financial results as a Public Company. It has been trading in a 52-week range of $17.11 to $51.27.

    Sequans Communications S.A. (SQNS) stock soared 15.84% to $5.34 in pre-market trading. The most recent rating by B. Riley FBR, on May 18, 2020, is a Buy.

    Live Oak Bancshares Inc. (NASDAQ: LOB) shares are trading up 3.51% at $46.89 at the time of writing. The company’s 52-week range was noted as $7.57 to $43.95. Analysts have a consensus price target of $42.

    Yunhong CTI Ltd. (CTIB) grew over 27.62% at $2.31 in pre-market trading today after the company announced production capacity expansion at its lake Barrington, Illinois facility to meet increased customer demand.
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    Neptune Wellness Solutions Inc. (NEPT), a Drug Manufacturers – Specialty & Generic company, rose about 15.71% at $2.21 in pre-market trading Tuesday after the firm received Over US$100 million in purchase orders.

    Gevo Inc. (GEVO) stock moved up 6.8 percent to $1.1 in the pre-market trading after the company posted Q3 results.

    So-Young International Inc. (SY) gained over 5.0% at $14.28 in pre-market trading Tuesday 17 November 2020 after the company said that it will report third-quarter 2020 financial results on November 25, 2020.

    Sequential Brands Group Inc. (SQBG) is up more than 41.84% at $10.0 in pre-market hours Tuesday 17 November 2020. The stock had jumped over 2.92% to $7.05 in the last trading session as the company announced its Q3, 2020 Earnings results.

    Before the trading started on 17 November 2020, MICT Inc. (MICT) is up 4.55% to reach $1.61. It has been trading in a 52-week range of $0.44 to $8.45.

    The Macerich Company (MAC) stock plunged -0.11% to $9.03 in the pre-market trading after the company’s announcement of its earnings results. The most recent rating by Morgan Stanley, on September 14, 2020, is an Underweight.

    Aphria Inc. (NASDAQ: APHA)c shares are trading down 0.0% at $5.8 at the time of writing after the company announced that its management will host a fireside chat discussion at the Jefferies Virtual London Healthcare Conference on Wednesday, November 18, 2020, at 9:05 a.m. ET. The company’s 52-week range was noted as $1.95 to $6.44.

    NIO Limited (NIO) grew over 3.23% at $47.05 in pre-market trading today as the company is set to announce its earnings results.

    BIO-key International Inc. (BKYI), a Security & Protection Services company, rose about 6.32% at $0.444 in pre-market trading Tuesday following the announcement of its quarterly earnings results.

    ObsEva SA (OBSV) stock moved up 6.64 percent to $2.25 in the pre-market trading as the company reported positive topline results of the PROLONG proof-of-concept trial of ebopiprant for treatment of preterm labor.

    Schrodinger Inc. (SDGR) gained over 5.29% at $61.9 in pre-market trading Tuesday 17 November 2020 as the company revealed third fiscal quarter results and business update.

    Lexicon Pharmaceuticals Inc. (LXRX) is up more than 51.16% at $1.95 in pre-market hours Tuesday 17 November 2020 after the company announced its participation in the Stifel 2020 Virtual Healthcare Conference on Wednesday, November 18, 2020. The stock had jumped over 1.57% to $1.29 in the last trading session.

    Before the trading started on 17 November 2020, JOYY Inc. (YY) is up 7.76% to reach $103.0 after the report that Baidu has acquired JOYY for $3.6 billion. It has been trading in a 52-week range of $41.33 to $104.17.

    Bristol-Myers Squibb Company (BMY) stock soared 2.82% to $66.32 in the pre-market trading after Bristol Myers Squibb offered a regulatory update on Lisocabtagene Maraleucel. The most recent rating by Societe Generale, on November 16, 2020, is a Buy.

    Phio Pharmaceuticals Corp. (NASDAQ: PHIO) shares are trading up 5.33% at $2.37 at the time of writing as the firm announced Q3 earnings results and business update. The company’s 52-week range was noted as $1.60 to $13.69. Analysts have a consensus price target of $4.

    PG&E Corporation (PCG) grew over 2.95% at $11.88 in pre-market trading today after the announcement made by the company that CEO Jeff Ramson will join a panel at the Virtual Fall Investor Summit taking place on November 16- 18, 2020.

    strong>Niu Technologies (NIU), an Auto Manufacturers company, rose about 4.52% at $34.47 in pre-market trading Tuesday.

    Avinger Inc. (AVGR) stock moved up 3.87 percent to $0.2789 in the pre-market trading after the company posted Q3 results.

    T-Mobile US Inc. (TMUS) gained over 3.23% at $132.8 in pre-market trading Tuesday 17 November 2020 after the report that Peter Osvaldik, executive vice president & chief financial officer, Neville Ray, president of technology, and Matt Staneff, executive vice president & chief marketing officer of T-Mobile US, Inc. (NASDAQ: TMUS), will present and provide a business update on Thursday, November 19, 2020, at 1:20 p.m. Eastern Time (ET) at the Morgan Stanley European Technology, Media & Telecom Conference.

    Tesla Inc. (TSLA) is up more than 12.45% at $458.9 in pre-market hours Tuesday 17 November 2020 after a report of the company joining the S&P 500. The stock had dropped over -0.10% to $408.09 in the last trading session.

    Before the trading started on 17 November 2020, CHF Solutions Inc. (CHFS) is up 2.31% to reach $6.2 as the company announced a 52% rise in Revenue in the earnings report. It has been trading in a 52-week range of $5.80 to $38.70.

    Aerie Pharmaceuticals Inc. (AERI) stock soared 3.94% to $13.46 in the pre-market trading after the company received positive CHMP opinion for roclanda in the European Union. The most recent rating by BofA Securities, on October 19, 2020, is an Underperform.

    Venus Concept Inc. (NASDAQ: VERO) shares are trading up 5.31% at $2.18 at the time of writing as the company revealed its Q3 results and business update. The company’s 52-week range was noted as $2.02 to $9.00. Analysts have a consensus price target of $6.

    Qudian Inc. (QD) grew over 2.6% at $1.58 in pre-market trading today.

    Celsion Corporation (CLSN), a Biotechnology company, rose about 3.77% at $0.55 in pre-market trading Tuesday as the company revealed its quarterly Earnings report.

    Tencent Music Entertainment Group (TME) stock moved up 2.98 percent to $16.58 in the pre-market trading.

    Net Element Inc. (NETE) is up more than 3.27% at $7.59 in pre-market hours Tuesday 17 November 2020 as the company reported its Q3 earnings results. The stock had dropped over -3.92% to $7.35 in the last trading session.