Sequans Receives NYSE Noncompliance Notice Over Market Capitalization

Key Facts

1Sequans Communications received an NYSE notice as its market cap fell below $50 million for 30 consecutive trading days.

2The company plans to regain compliance by exiting its Bitcoin treasury and focusing on its semiconductor growth strategy.

Sequans Communications received a noncompliance notice from the NYSE because its average global market capitalization fell below $50 million for 30 consecutive trading days. The company is required to submit a recovery plan within 90 days to address the deficiency in market cap and stockholders' equity levels.

The company plans to regain compliance by exiting its Bitcoin treasury holdings and refocusing on its core semiconductor growth strategy. SQNS closed at $2.97 on September 23, 2026, having traded between a high of $3.13 and a low of $2.92 during that session.