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Sequans Communications S.A. received a notice from the New York Stock Exchange on September 14, 2026, indicating…
SQNSSequans Communications
Sequans Communications S.A. received a notice from the New York Stock Exchange on September 14, 2026, indicating non-compliance with Section 802.01B of the Listed Company Manual due to a market capitalization deficiency. The company's average global market capitalization over a consecutive 30 trading-day period fell below $50,000,000, and stockholders’ equity was less than $50,000,000. This notice does not trigger immediate delisting; Sequans has 90 days to submit a business plan demonstrating its ability to regain compliance within nine months. If accepted, ADSs will continue trading under the symbol “SQNS” with a “.BC” designation indicating below-compliance status. The company cites completion of its Bitcoin treasury exit and operational momentum in IoT as part of its strategy to restore compliance. Sequans Communications S.A. is a fabless semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT) and RF transceiver solutions.