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Stock impact report

Sequans Receives Notice of Non-Compliance with NYSE Trading Share Price and Market Capitalization Listing Rules [Yahoo! Finance]

Sequans Communications S.A. American Depositary Shares (SQNS) 
Last sequans communications s.a. american depositary shares earnings: 4/23 06:00 am Check Earnings Report
US:NYSE Investor Relations: sequans.com/investors
Company Research Source: Yahoo! Finance
of 5G/4G solutions for IoT devices, today announced that on April 9, 2024 it received a notice (the "Notice") from the New York Stock Exchange (the "NYSE") informing the Company that it is no longer in compliance with Sections 802.01B and 802.01C of the NYSE Listed Company Manual. The Company was notified by the NYSE that it was not in compliance with Section 802.01B (the "Market Cap Deficiency") because it had an average global market capitalization over a consecutive 30 trading-day period below $50,000,000 and, at the same time, stockholders' equity less than $50,000,000. The Company was concurrently notified by the NYSE that it was also not in compliance with Section 802.01C (the "Share Price Deficiency", together with the Market Cap Deficiency, the "Deficiencies") because the average closing price of the Company's American Depositary Shares (ADSs) was less than $1.00 over a consecutive 30 trading-day period. The Notice does not result in the immediate delisting of the Company's Show less Read more
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