According to Mars Finance, on August 26, French semiconductor and IoT company Sequans Communications (NYSE: SQNS) announced the establishment of an 'At The Market' (ATM) equity issuance plan. The company may issue American Depositary Shares at any time based on market conditions, with each share representing 10 shares of common stock, for a total amount of up to $200 million. Sequans stated that this plan will serve as a tool for the first phase of its Bitcoin reserve strategy, with the raised funds expected to be primarily used to continue purchasing Bitcoin to support the company's long-term reserve strategy.

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