Investor FAQ

Where Sequans is listed?

Sequans Communications is listed on the New York Stock Exchange and is traded in the form of American Depositary Shares (“ADSs”) under the ticker symbol “SQNS” and its corresponding CUSIP number is 817323405 or ISIN number US8173234050.

One Sequans ADS represents one hundred of Sequans’ ordinary shares.

For more detailed information on Sequans trading, see the New York Stock Exchange.

How do I buy or sell Sequans stock?

Sequans is listed on the New York Stock Exchange in the form of American Depositary Shares (“ADSs”) under the ticker symbol “SQNS” and beginning September 17, 2025 its corresponding CUSIP number is 817323405 or ISIN number US8173234050. You can buy and sell Sequans ADSs through your own full-service, discount, and on-line brokerage firm exactly the same way as you buy listed U.S. shares. ADSs may not be purchased directly from Sequans.

What are ADSs?

American Depositary Shares, or ADSs, are the equity instrument used by non-U.S. companies to trade their shares on the U.S. markets. ADSs can be held in book-entry form or as a physical certificate.

What are ADRs?

American Depositary Receipts, or ADRs, are negotiable U.S. certificates representing ownership of the ADSs in a non-U.S. corporation.

What is the difference between and ADR and an ADS?

An ADR is a negotiable certificate issued by a depositary bank representing a specific number of shares of a non-U.S. company traded on a U.S. stock exchange. An ADS is the share issued under the ADR agreement which is actually traded. In many cases the terms ADR and ADS are used interchangeably. Effective September 17, 2025 each Sequans ADS will represent one hundred ordinary shares of Sequans.

What is the impact of the change in the ADS/share ratio of September 17, 2025?

On September 4, 2025 Sequans announced that its Board of Directors had approved a change in the number of its ordinary shares represented by American Depositary Shares, issued by the Bank of New York Mellon as depositary, from 10 ordinary share per ADS to 100 ordinary shares per ADS (see Press Release of Sep. 4, 2025). The ADSs will continue to trade on the New York Stock Exchange (“NYSE”) under the ticker symbol “SQNS”.

The new ADS to ordinary share ratio of 1 for 100 will be effective prior to the commencement of trading on the New York Stock Exchange on September 17, 2025. For the Company’s ADS holders, the ADS ratio change will have the same effect as a one-for-ten reverse ADS split. No fractional new ADSs will be issued in connection with the ADS ratio change. Holders who would otherwise receive fractional ADSs will receive a cash payment in lieu of such fractional ADSs. The cash in lieu rate will be set when the depositary sells the ADSs that would otherwise have been issued as fractional ADSs in one or more market trades. Effective September 17, 2025, Holders in the Direct Registration System and in DTC will have their ADSs automatically exchanged and need not take any action. Beneficial holders may contact their bank, broker or nominee for more information. ADS holders with ADSs held in certificate form will be required to exchange their certificates for new book-entry ADSs at a rate of 10 old ADSs for 1 new ADS.

Who is the depositary bank for Sequans ADSs?

The Bank of New York Mellon (BNYM) acts as depositary bank and plays a key role in the process of issuance and cancellation of ADSs. For general information, please visit The Bank of New York Mellon’s website at www.adrbnymellon.com and search for Sequans Profile Page.

How do I update my account information or obtain information about my Sequans holdings?

ADS holders directly registered on the books of the depositary should direct questions about the account holdings to The Bank of New York Mellon’s Shareowner Services division by using the following contact:

The Bank of New York Mellon Investor Services
PO Box 505000
Louisville, KY 40233-5000

Overnight/certified/registered delivery : BNY Mellon, 462 South 4th Street, Suite 1600, Louisville, KY 40202

Toll Free number for Domestic U.S. calls: 888-269-2377
Number for calls from outside the U.S.: 1 201-680-6825

Email: [email protected]

Those owning Sequans ADSs through a broker or nominee in “street name” should direct questions about their holdings to their respective broker or nominee representative.

Does Sequans pay dividends?

No, Sequans does not currently pay dividends.

Is Sequans a Passive Foreign Investment Company (“PFIC”) under U.S. tax law?

For the fiscal year 2025 and possibly for fiscal year 2026, the Company believes that an investments in Sequans Communications S.A. constitutes an investment in a PFIC under U.S. tax law. PFICs are generally foreign corporations that primarily generate passive income or hold passive assets. Investments in PFICs—including publicly traded companies— generally require annual IRS reporting and are subject to unique tax rules that can result in different tax treatment compared to domestic investments. Based on current draft financial statement results, no income/gain from the PFIC is expected. This will be refined in 2026 once full year results are finalized. We strongly encourage you to consult your tax advisor to understand the specific reporting obligations and potential tax impact of your investment in this PFIC.