Annuncio • Feb 23

'Renesas Electronics Europe GmbH cancelled the acquisition of unknown remaining stake in Sequans Communications S.A. (NYSE:SQNS).

'Renesas Electronics Europe GmbH entered into a memorandum of understanding to acquire unknown remaining stake in Sequans Communications S.A. (NYSE:SQNS) in a tender offer valued approximately $250 million on August 4, 2023. Renesas Electronics Europe GmbH entered into a security purchase agreement to acquire unknown stake in Sequans Communications S.A. (NYSE:SQNS) in a tender offer valued approximately $250 million on November 8, 2023 Under the terms of the MoU, Renesas will initiate a cash tender offer of $3.03 per Sequans ADS, subject to certain conditions. This offer represents a premium of 42.3% to Sequans’ closing price on August 4, and 7.7% premium to the volume weighted average price over the last twelve months and a 32.6% premium to the volume weighted average price over the last six months. The transaction values Sequans at approximately $249 million, including net debt of approximately $52 million. If, upon completion of the appropriate works council consultation, Sequans’ Board recommends the tender offer to the holders of Sequans’ ordinary shares and ADSs, Renesas will commence the tender offer thereafter. Pursuant to the terms of the MoU, Renesas will, following consultation of the Sequans’ works council and favorable recommendation by the Sequans Board, commence a tender offer to acquire all outstanding ordinary shares, including American Depositary Shares (ADS) of Sequans for $3.03 per ADS (each ADS representing four ordinary shares) in cash. The transaction values Sequans at approximately $249 million, including net debt. Upon closing of the transaction, Renesas intends to integrate Sequans’ breadth of cellular connectivity products and IP into its core product lineup, including microcontrollers, microprocessors, analog and mixed signal front ends. The acquisition will allow Renesas to immediately expand its reach to the Wide Area Network (WAN) market space encompassing a broad range of data rates. Following the closing of the tender offer and completion of such transactions, any ordinary shares or ADSs not tendered would be ultimately transferred to Renesas under German squeeze-out rules for statutory compensation. In connection with these transactions, Sequans’ existing French activities, including assets, liabilities and employees, would be first transferred to a new wholly owned French subsidiary of Sequans. If the MoU is terminated under certain circumstances, the Company would be required to pay a termination fee of $9,850,000. As of September 11, 2023. Renesas Electronics Corporation (TSE: 6723, "Renesas") and Sequans Communications S.A. (NYSE: SQNS, "Sequans") today announced that Renesas has commenced the previously announced tender offer to acquire all of the outstanding ordinary shares of Sequans for $0.7575 per ordinary share and American Depositary Shares ("ADSs") of Sequans for $3.03 per ADS (each ADS representing four ordinary shares) in cash, without interest and less any applicable withholding taxes. As of October 5, 2023, Renesas has extended the expiration date of its tender offer to acquire all the outstanding ordinary shares of Sequans for $0.7575 per ordinary share and American Depositary Shares of Sequans for $3.03 per ADS (each ADS representing four ordinary shares) in cash, without interest and less any applicable withholding taxes. The Committee on Foreign Investment in the United States has cleared the proposed acquisition of Sequans by Renesas. The tender offer on October 6, 2023, has been extended on October 23, 2023, unless the tender offer is further extended or earlier terminated. Bank of New York Mellon, the Tender Agent for the tender offer, has advised Renesas on October 4, 2023, approximately 15,647,106 ordinary shares of Sequans (including ordinary shares represented by ADSs), representing approximately 6.67% of the fully diluted ordinary shares of Sequans, have been validly tendered and not properly withdrawn pursuant to the tender offer.The MoU contains certain termination rights for each of the Company and Parent, including if (i) the consummation of the transactions contemplated by the Offer has not been consummated on or prior to March 4, 2024 (as such date may be extended as provided in the MoU), (ii) Parent has not received confirmation of tax treatment from relevant tax authorities prior to December 2, 2023 or received an adverse tax ruling, (iii) any law, order, decree, ruling or judgment permanently prohibits completion of the transactions contemplated by the MoU, including the Offer, and (iv) prior to the public announcement of the Company Board Recommendation, if the Board effects a change in the Company Board Recommendation or fails to make the Company Board Recommendation when required by the MoU. tTe board of directors of Parent has approved the Transactions contemplated by this MoU, including the Offer and The board of directors of the Company (the “Board”) has approved the MoU. The transaction is expected to close by the first quarter of calendar year 2024. Assuming the completion of the tender offer, Sequans will become a privately held company and Sequans’ ADSs will no longer be listed on any public market. As of October 20, 2023, the tender offer, which was previously scheduled to expire on October 23, 2023, has been extended until November 6, 2023, unless the tender offer is further extended or earlier terminated. As on November 6, 2023, the tender offer, which was previously scheduled to expire on November 6, 2023, has been extended until to November 21, 2023, unless the tender offer is further extended or earlier terminated. As on November 20, 2023, the tender offer, which was previously scheduled to expire on November 21, 2023, has been extended until to December 6, 2023, unless the tender offer is further extended or earlier terminated. On December 4, 2023, approximately 108,974,617 Ordinary Shares (including Ordinary Shares represented by ADSs) were validly tendered and not validly withdrawn pursuant to the Offer, representing approximately 38.8%. The tender offer, which was previously scheduled to expire on December 6, 2023, has been extended until on December 20, 2023, unless the tender offer is further extended or earlier terminated. The tender offer, which was previously scheduled to expire on December 20, 2023, has been extended to January 5, 2024, unless the tender offer is further extended or earlier terminated. As on January 5, 2024, the tender offer, which was previously scheduled to expire on January 5, 2024, has been extended to January 22, 2024, unless the tender offer is further extended or earlier terminated. Tender offer has been extended till February 5, 2024. As of February 2, 2024, Renesas has extended the expiration date of its tender offer to acquire all of the outstanding ordinary shares of Sequans until February 20, 2024, unless the tender offer is further extended or earlier terminated. As on February 12, 2024, Sequans Communications shareholders approved the deal. As of February 20, 2024, Renesas has extended the expiration date of its tender offer to acquire all of the outstanding ordinary shares of Sequans until March 4, 2024, unless the tender offer is further extended or earlier terminated. On February 16, 2024, approximately 123.47 million ordinary shares of Sequans representing approximately 44.5% of the fully diluted ordinary shares of Sequans, have been validly tendered.BofA Securities is serving as financial advisor to Renesas Electronics Europe GmbH and Jon A. Olsen and Jean A. Lee of Goodwin Procter LLP is serving as legal counsel. Needham & Company is serving as financial advisor to Sequans and Brett Cooper and Richard Vernon Smith of Orrick, Herrington & Sutcliffe LLP is serving as legal counsel.'Renesas Electronics Europe GmbH cancelled the acquisition of unknown remaining stake in Sequans Communications S.A. (NYSE:SQNS) on February 23, 2024.

Percentuale dello stipendio del CEO	n/a
Mandato del CEO	23.3yrs
Proprietà del CEO	1.6%
Durata media del management	6.9yrs
Durata media del Consiglio di amministrazione	10.9yrs

Nome	Posizione	Mandato	Compensazione	Proprietà
Georges Karam	Chairman	23.3yrs	Nessun dato	1.6% € 851.4k
Deborah Choate	Chief Financial Officer	18.8yrs	Nessun dato	0.13% € 67.7k
Qiuting Huang	Chief Technology Officer	1.3yrs	Nessun dato	0.066% € 34.9k
Nikhil Taluja	Executive Vice President of Worldwide Sales	9.7yrs	Nessun dato	0.10% € 53.5k
Olivier Pauzet	Executive VP of Marketing & Strategy	2.9yrs	Nessun dato	0.065% € 34.8k
Carla Azevedo	Human Resources Manager	no data	Nessun dato	Nessun dato
Bertrand Debray	Chief of Staff & Acting Executive VP of Engineering	no data	Nessun dato	0.35% € 188.0k
Louis Chuang	Executive Vice President of Product Management	4.1yrs	Nessun dato	0.079% € 42.2k

Nome	Posizione	Mandato	Compensazione	Proprietà
Georges Karam	Chairman	23.3yrs	Nessun dato	1.6% € 851.4k
Jason Cohenour	Independent Director	less than a year	Nessun dato	0.047% € 24.8k
Richard Nottenburg	Independent Director	9.9yrs	Nessun dato	0.00016% € 84.9
Zvi Slonimsky	Independent Director	19.5yrs	Nessun dato	0.13% € 69.7k
Wesley Cummins	Independent Director	7.9yrs	Nessun dato	0.13% € 69.7k
Hubert de Pesquidoux	Independent Director	15.2yrs	Nessun dato	0.0028% € 1.5k
Maria Marced	Independent Director	2.9yrs	Nessun dato	0% € 0
Yves Maitre	Lead Independent Director	11.9yrs	Nessun dato	0.031% € 16.6k

Dati	Ultimo aggiornamento (ora UTC)
Analisi dell'azienda	2026/05/22 09:28
Prezzo dell'azione a fine giornata	2026/05/21 00:00
Utili	2025/09/30
Utili annuali	2024/12/31

Pacchetto	Dati	Tempistica	Esempio Fonte USA ^*
Dati finanziari della società	10 anni	Conto economico Rendiconto finanziario Bilancio	Modulo SEC 10-K Modulo SEC 10-Q
Stime di consenso degli analisti	+3 anni	Previsioni finanziarie Obiettivi di prezzo degli analisti	Rapporti di ricerca degli analisti Blue Matrix
Prezzi di mercato	30 anni	Prezzi delle azioni Dividendi, scissioni e azioni	Dati di mercato ICE Modulo SEC S-1
Proprietà	10 anni	Top azionisti Insider trading	Modulo 4 SEC Modulo 13D SEC
Gestione	10 anni	Team di leadership Consiglio di amministrazione	Modulo SEC 10-K Modulo SEC DEF 14A
Sviluppi principali	10 anni	Annunci aziendali	Modulo 8-K SEC

Analista	Istituzione
Tristan Gerra	Baird
Scott Searle	Benchmark Company
Gary Mobley	Benchmark Company

Sequans Communications Gestione

Criteri Gestione verificati 2/4

Informazioni chiave

Aggiornamenti recenti sulla gestione

Sequans Communications S.A. Announces Executive Changes

Sequans Communications S.A. Announces Appointment of Jason Cohenour as Director

Sequans Communications S.A. Proposes Acknowledgement of End of Term of Dominique Pitteloud as Director

Sequans Communications S.A., Annual General Meeting, Feb 12, 2024

Sequans Communications S.A. Appoints Mr. Olivier Pauzet to the Position of EVP Marketing

Sequans Communications S.A., Annual General Meeting, Jun 27, 2023

Recent updates

Sequans Communications S.A. announced delayed 20-F filing

Sequans Communications S.A. to Report Q4, 2025 Results on Feb 10, 2026

Sequans Communications S.A. Announces Executive Changes

Sequans Communications S.A. has filed a Follow-on Equity Offering in the amount of $200 million.

Sequans Communications S.A. Announces Appointment of Jason Cohenour as Director

Sequans Communications S.A. announced that it expects to receive $384 million in funding

Sequans Communications S.A. Proposes Acknowledgement of End of Term of Dominique Pitteloud as Director

Qualcomm Technologies, Inc. acquired 4G IoT technologies of Sequans from Sequans Communications S.A. (NYSE : SQNS) for $200 million.

Second quarter 2024 earnings released: US$0.015 loss per share (vs US$0.16 loss in 2Q 2023)

Sequans Communications S.A. announced delayed 20-F filing

Sequans Communications S.A. to Report Q4, 2023 Results on Mar 07, 2024

'Renesas Electronics Europe GmbH cancelled the acquisition of unknown remaining stake in Sequans Communications S.A. (NYSE:SQNS).

Sequans Communications S.A., Annual General Meeting, Feb 12, 2024

Third quarter 2023 earnings released: US$0.16 loss per share (vs US$0.06 loss in 3Q 2022)

Sequans Communications S.A. to Report Q3, 2023 Results on Oct 31, 2023

Sequans Communications S.A. Appoints Mr. Olivier Pauzet to the Position of EVP Marketing

Forecast to breakeven in 2025

New minor risk - Shareholder dilution

Second quarter 2023 earnings released: US$0.16 loss per share (vs US$0.067 loss in 2Q 2022)

Renesas Electronics Europe GmbH entered into a memorandum of understanding to acquire Sequans Communications S.A. (NYSE:SQNS).

Sequans Communications S.A. to Report Q2, 2023 Results on Aug 08, 2023

Sequans Communications S.A., Annual General Meeting, Jun 27, 2023

Sequans Introduces Taurus 5G Nr: the World's First Chipset Specifically Optimized for 5G Broadband Iot Devices

First quarter 2023 earnings released: US$0.42 loss per share (vs US$0.049 profit in 1Q 2022)

Sequans Communications S.A. Provides Revenue Guidance for the Quarter Ending June 30, 2023

Full year 2022 earnings released: US$0.20 loss per share (vs US$0.55 loss in FY 2021)

Sequans Communications S.A. Provides Revenue Guidance for the Quarter Ending March 31, 2023

Full year 2022 earnings released: US$0.78 loss per share (vs US$0.55 loss in FY 2021)

No longer forecast to breakeven

Sequans Communications S.A. to Report Q4, 2022 Results on Feb 14, 2023

No longer forecast to breakeven

No longer forecast to breakeven

Third quarter 2022 earnings released: US$0.06 loss per share (vs US$0.005 profit in 3Q 2021)

Sequans Communications S.A. Provides Earnings Guidance for the Quarter Ending December 31, 2022

Sequans Communications S.A. to Report Q3, 2022 Results on Nov 02, 2022

Sequans Communications S.A. Provides Revenue Guidance for the Third Quarter of 2022

Second quarter 2022 earnings released: US$0.068 loss per share (vs US$0.035 loss in 2Q 2021)

High number of new directors

Sequans Communications S.A. to Report Q2, 2022 Results on Aug 02, 2022

Sequans Communications S.A., Annual General Meeting, Jun 24, 2022

First quarter 2022 earnings released: EPS: US$0.053 (vs US$0.33 loss in 1Q 2021)

Forecast to breakeven in 2024

Sequans Communications S.A. Appoints Louis (Ping Lin) Chuang to the Position of EVP and GM of Sequans Massive IoT Business Unit

Full year 2021 earnings released: US$0.55 loss per share (vs US$1.94 loss in FY 2020)

Sequans Communications S.A. to Report Q1, 2022 Results on May 03, 2022

Sequans Communications S.A. Announces Monarch 2 Gm02S Module Certification by Deutsche Telekom

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Sequans Communications S.A. Provides Earnings Guidance for the First Quarter Ending March 31, 2022

Sequans Communications S.A. announced that it has received $9.281349 million in funding from Renesas Electronics Corporation

Sequans Communications S.A. announced that it expects to receive funding from Renesas Electronics Corporation

Sequans Powers Industry-First Low Power CBRS Tracker Introduced at CES

Sequans Introduces New 4G/5G Cellular Iot Modules Based on Its Second-Generation Cat 1 Calliope 2 Chip

Sequans Communications S.A Introduces Low Power GNSS Positioning Technology on its Monarch 2 LTE-M/NB-IoT Platform

Third quarter 2021 earnings released: EPS US$0.005 (vs US$0.30 loss in 3Q 2020)

Insufficient new directors

Second quarter 2021 earnings released: US$0.037 loss per share (vs US$0.70 loss in 2Q 2020)

Insufficient new directors

First quarter 2021 earnings released: US$0.34 loss per share (vs US$0.44 loss in 1Q 2020)

Sequans Communications S.A. announced that it expects to receive $50.000001 million in funding from Lynrock Lake LP

Full year 2020 earnings released: US$1.94 loss per share (vs US$1.55 loss in FY 2019)

Full year 2020 earnings released: US$1.80 loss per share (vs US$1.55 loss in FY 2019)

Revenue beats expectations

AMIT Wireless and Sequans Partner to Deliver Two New Distance Learning Connectivity Devices for CBRS Networks in USA

New 90-day high: €6.70

Sequans and Thales Extend Collaboration on Next Generation LTE-M, NB-IoT, and Cat 1 Solutions

New 90-day high: €6.05

Renesas Electronics Corporation and Sequans Communications Expands their 5G Collaboration

Sequans Communications S.A. Announces That Withings Has Selected Sequans’ Monarch 2 LTE-M/NB-IoT Technology

Sequans Communications S.A. to Report Q4, 2020 Results on Feb 09, 2021