RegulatorySep 23, 2026, 04:51 PM
Sequans Communications Receives NYSE Notice for Market Cap Deficiency
AI Summary
Sequans Communications S.A. announced it received a notice from the New York Stock Exchange (NYSE) on September 14, 2026, indicating non-compliance with continued listing standards due to a market capitalization deficiency. The company's average global market capitalization fell below $50 million for 30 consecutive trading days, and its stockholders' equity was also below $50 million. Sequans has 90 days to submit a business plan to the NYSE outlining actions to regain compliance within nine months. While the notice does not result in immediate delisting, the company's ADSs will trade with a ".BC" designation.
Key Highlights
- Sequans Communications received a notice from the NYSE on September 14, 2026, for failing to meet continued listing standards.
- The company's average global market capitalization fell below $50 million for 30 consecutive trading days, and stockholders' equity was also below $50 million.
- Sequans has 90 days to submit a business plan to the NYSE to regain compliance within 9 months.
- The company's ADSs will continue to trade under the symbol "SQNS" but with an added designation of ".BC" indicating "below compliance."
Price Impact
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