Sequans Shares Soar 8.84% on Board Appointment, Share Issuance

Sequans Communications S.A. (NYSE: SQNS) shares surged 8.84% in pre-market trading on July 1, 2025, driven by a series of strategic moves and positive developments within the company.

Sequans recently announced the appointment of Jason W. Cohenour to its Board of Directors. Cohenour brings over 30 years of executive leadership experience, including his tenure as President, CEO, and Director of Sierra Wireless, where he led a strategic transformation that significantly increased company revenues. His expertise in sales, operations, and international mergers and acquisitions is expected to bolster Sequans' growth and solidify its position in the cellular IoT semiconductor market.

Additionally, shareholders of Sequans Communications have approved the issuance of up to 7 billion new shares. This move is part of the company's equity flexibility strategy, aimed at enhancing its financial agility and supporting future growth initiatives. The approval of the 2024 financial statements by shareholders further underscores the company's strong financial health and transparency.