Sequans Communications Reports $109.3M Loss; Authorizes Equity Issuances

Sequans Communications held its Annual and Extraordinary General Shareholders' Meeting, approving the 2025 statutory loss of €46.2 million and consolidated loss of $109.3 million. Shareholders authorized significant equity actions, including the issuance of up to 25,000,000 stock subscription warrants to key individuals and set an overall ceiling of 150,000,000 ordinary shares for future warrants and restricted free shares. The company also delegated authority for a capital increase up to €7.5 million and debt instrument issuance up to €15 million, while renewing a director and appointing a new statutory auditor.