Sequans Communications announces USD 5m in additional debt financing

4G chipmaker Sequans Communications S.A. (NYSE: SQNS) has announced the issuance of USD 5 million of convertible debt due in August 2022, using a portion of the previously committed USD 15 million of financing from a major shareholder, the company said.

Details of the convertible note are available in the company´s Form 6-K filed today with the Securities and Exchange Commission.

Sequans Communications is a provider of single-mode 4G LTE wireless semiconductor solutions for Internet of Things (IoT) and a wide range of broadband data devices. Founded in 2003, Sequans has developed and delivered seven generations of 4G technology and its chips are certified and shipping in 4G networks around the world.