Sequans Communications Issues Unsecured Promissory Note
Ticker: SQNS · Form: 6-K · Filed: Apr 25, 2024 · CIK: 1383395
| Field | Detail |
|---|---|
| Company | Sequans Communications (SQNS) |
| Form Type | 6-K |
| Filed Date | Apr 25, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $5,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, promissory-note, sec-filing
TL;DR
Sequans dropped a 6-K for a new unsecured note - check the terms.
AI Summary
Sequans Communications S.A. filed a Form 6-K on April 25, 2024, reporting the issuance of an unsecured promissory note. The filing is for the month of April 2024 and is made pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
Why It Matters
This filing indicates a new debt instrument for Sequans Communications, which could impact its financial structure and future obligations.
Risk Assessment
Risk Level: medium — The issuance of a promissory note introduces debt, which carries inherent financial risks and obligations for the company.
Key Players & Entities
- Sequans Communications S.A. (company) — Registrant
- April 25, 2024 (date) — Filing Date
- April 2024 (date) — Reporting Period
- Rule 13a-16 (legal_document) — Reporting Rule
- Rule 15d-16 (legal_document) — Reporting Rule
- Securities Exchange Act of 1934 (legal_document) — Governing Act
FAQ
What is the principal amount of the unsecured promissory note?
The filing does not specify the principal amount of the unsecured promissory note.
What is the interest rate on the unsecured promissory note?
The filing does not disclose the interest rate on the unsecured promissory note.
What is the maturity date of the unsecured promissory note?
The filing does not state the maturity date of the unsecured promissory note.
Who is the payee of the unsecured promissory note?
The filing does not identify the specific payee of the unsecured promissory note.
Are there any covenants or conditions associated with this promissory note?
The filing does not detail any covenants or conditions related to the unsecured promissory note.
Filing Stats: 625 words · 3 min read · ~2 pages · Grade level 12.4 · Accepted 2024-04-25 06:01:13
Key Financial Figures
- $5,000,000 — missory Note with a principal amount of $5,000,000 to 272 Capital Master Fund, Ltd. The tr
Filing Documents
- form6k-2024xaprilxissuance.htm (6-K) — 21KB
- unsecuredpromissorynote.htm (EX-4.1) — 101KB
- 0001383395-24-000023.txt ( ) — 123KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SEQUANS COMMUNICATIONS S.A. (Registrant) Date April 25, 2024 By s Deborah Choate Deborah Choate Chief Financial Officer