Semiconductor listed company Sequans completes $384.00 million fundraising to implement Bitcoin vault plan

Semiconductor and module developer and provider Sequans Communications SA (NYSE: SQNS) has announced the successful completion of its previously announced private placement of debt and equity, with a total investment of $384.00 million, with participation from over 40 institutional investors. All net proceeds from this offering will be used to purchase Bitcoin, initiating the first phase of the company's previously announced Bitcoin treasury strategy. [Foresight News]