Paris-based Sequans secures €42M financing to strengthen balance sheet and accelerate its IoT business
Image credits: Sequans Paris-based IoT chipmaker Sequans Communications has secured $50M (approx €42M) in capital from investment management firm Lynrock Lake, an existing shareholder of the company. The financing consists of $10M (approx €8.4M) of American Depositary Shares (priced at $5.50 per ADS) and $40M (approx €34M) principal amount of convertible debt (convertible into ADS […]









