Sequans Communications Files 6-K on Asset Purchase Agreement

TL;DR

Sequans Communications (SQNS) filed a 6-K for an asset purchase agreement – potential M&A activity.

AI Summary

Sequans Communications S.A. filed a Form 6-K on August 23, 2024, reporting an asset purchase agreement. The filing is for the month of August 2024 and pertains to the company's operations as a foreign private issuer. The principal executive offices are located in Colombes, France.

Why It Matters

This filing indicates a significant corporate action, an asset purchase agreement, which could impact the company's structure, assets, and future business operations.

Risk Assessment

Risk Level: medium — Asset purchase agreements can involve significant financial and operational changes, introducing uncertainty and potential risks.

Key Players & Entities

• Sequans Communications S.A. (company) — Registrant
• August 2024 (date) — Reporting period
• August 23, 2024 (date) — Filing date
• Colombes, France (location) — Principal executive office location

FAQ

Key Financial Figures

• $200 m — ubsidiary of Qualcomm Incorporated, for $200 million, in an all-cash transaction. Sequ
• $15 million — equans and QTI shall terminate, and the $15 million license fee paid to the Company in June
• $200 million — June 2024 will be credited against the $200 million purchase price. The remaining $185 mill
• $185 million — 0 million purchase price. The remaining $185 million cash consideration will be paid by QTI
• $10 million — l be paid by QTI upon closing, of which $10 million will be paid directly into an escrow fu

Filing Documents

• form6k-2024xaugustxassetpu.htm (6-K) — 31KB
• pressreleaseaugustxx2024.htm (EX-99.1) — 18KB
• 0001383395-24-000052.txt ( ) — 49KB

Forward Looking Statements

Forward Looking Statements This document contains certain statements that are, or may be deemed to be, forward-looking statements with respect to the financial condition, results of operations and business of Sequans following completion of the transaction. These forward-looking statements include, but are not limited to, statements regarding the satisfaction of conditions to the completion of the proposed transaction and the expected completion of the proposed transaction, the timing and benefits thereof, as well as other statements that are not historical fact. These forward-looking statements can be identified by the fact that they do not relate to historical or current facts. Forward-looking statements also often use words such as "anticipate," "target," "continue," "estimate," "expect," "forecast," "intend," "may," "plan," "goal," "believe," "hope," "aims," "continue," "could," "project," "should," "will" or other words of similar meaning. These statements are based on assumptions and assessments made by Sequans in light of its experience and perception of historical trends, current conditions, future developments and other factors they believe appropriate. By their nature, forward-looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future and the factors described in the context of such forward-looking statements in this announcement could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct and you are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this announcement. Forward-looking statements are not guarantees of future performance. Such forward-looking

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 August 23, 2024 By s Deborah Choate Deborah Choate Chief Financial Officer

View Full Filing

View this 6-K filing on SEC EDGAR