Foresight News reports that French semiconductor and IoT company Sequans Communications (NYSE: SQNS) will establish an 'At The Market' (ATM) equity issuance program, allowing the company to 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. This program will serve as a tool for the first phase of its Bitcoin reserve strategy, with funds expected to be primarily used to continue purchasing Bitcoin to support the company's long-term reserve strategy.

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