Product revenue grew over 80% as Sequans Communications (SQNS) sold its remaining Bitcoin holdings.

Sequans Completes Bitcoin Treasury Exit and Emerges with a Solid Financial Foundation

Positioned to accelerate its semiconductor growth strategy through expanding product revenue, licensing opportunities and next-generation technologies

PARIS - 24 September, 2026 - Sequans Communications S.A. (NYSE: SQNS) (“Sequans” or the “Company”), a leading provider of 5G/4G cellular IoT and software-defined radio (SDR) semiconductor solutions, today announced that it has completed its Bitcoin treasury exit following the sale of its remaining Bitcoin holdings, emerging with a strengthened balance sheet and a sharpened focus on executing its semiconductor growth strategy.

Highlights:

•Bitcoin Treasury Strategy Fully Concluded: Sequans has sold the remaining 314 Bitcoin held on its balance sheet as of June 30, 2026, completing the treasury exit initially outlined with the May 2026 redemption of its convertible debt.

•Strengthened Balance Sheet: With no outstanding debt outside of that tied to government-financed R&D projects and no cryptocurrency holdings on the balance sheet, Sequans now holds a strong cash position, reflecting a simpler capital structure and clearer financial profile for investors.