SEQUANS COMMUNICATIONS (SQNS) Form 6-K — May 28, 2026
Sequans Communications has completed the full redemption of all remaining convertible debt issued in July 2025, funded by the sale of a portion of its Bitcoin holdings. This transaction simplifies the capital structure, resulting in a near debt-free balance sheet and eliminating future dilution or interest obligations associated with the convertible notes. The company retains approximately 658 Bitcoin on its balance sheet, which are now fully unrestricted and unencumbered. Management stated it is no longer pursuing a digital asset treasury strategy and will monetize these remaining holdings over time, marking a strategic pivot away from crypto-treasury activities.
Key figures
- Bitcoin status
- unrestricted
- Bitcoin holdings remaining
- 658
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