Sequans announces $50 million financing to strengthen balance sheet

Paris--(business wire)--sequans communications s.a. (nyse: sqns), leading developer and provider of 5g and 4g solutions for broadband, critical, and massive iot, announced today the signing of a $50 million private financing with lynrock lake master fund lp, a fund managed by lynrock lake lp (“lynrock lake”), an investment management firm with approximately $1.2 billion of assets under management. the financing consists of $10 million of american depository shares (ads) and $40 million principa
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