Sequans Communications S.A. SQNS

$SQNS Always keep in mind day trading and investing are not the same. We the long term holders never get upset we sip tea and chill cus we don’t need the money anyways ??

$SQNS Anyone who is angry because this stock dips shouldn’t invest keep your money in a savings account. Stocks dipping is nothing new. The money it dips the more we buy that’s how risky we can be

$SQNS day traders got cooked again. The joy of watching day traders get cooked is why I’m still alive ???

Sqns has disappointed day traders and I love it ???

$SQNS We broke 2.3 letss goook

$SQNS Glad they chose BTC, it is much more stable and always reaches all time highs

@Rex racer $SQNS its a penny stock that went up 10% what is there to rug pull?

$SQNS Undervalued, their bitcoin treasury flew under the radar. Hopefully it gets recognized by investors today though

$SQNS Why did this fly under the radar? Are people too busy with $BTCM ?

Qualcomm to Acquire Sequans Communications' 4G IoT Technology for $200 Million

6:33 AM ET, 08/23/2024 - MT Newswires
06:33 AM EDT, 08/23/2024 (MT Newswires) -- Qualcomm (QCOM) said Friday that its subsidiary Qualcomm Technologies has entered a definitive agreement to buy Sequans Communications' (SQNS) 4G Internet of Things technologies for $200 million.

The purchase price was announced in a Sequans' statement. The acquisition includes certain employees, assets and licenses. The transaction is expected to close by the end of October.

Sequans will receive $185 million in cash, with $175 million payable at closing and up to an additional $10 million after the completion of a one-year warranty period. The remaining $15 million has already been paid under a pre-transaction manufacturing license agreement in June.

Sequans will retain full rights to continue to use the technology commercially through a perpetual license agreement, the companies said.

Sequans' shares soared about 80% during recent premarket activity on Friday.

Price: 171.31, Change: +2.31, Percent Change: +1.37