Reuters, EDGAR: Macron “Choose France” Summit at Versailles - Tech deals announced soon. Sequans receives additional investment from Bpifrance Participations on 1/17/18 BEFORE and ADDITIONAL TO the public shares placement to maintain its Board shares majority. "On January 17, 2018, Bpifrance Participations purchased 3,125,000 ADSs from the underwriters for an aggregate purchase price of $5,000,000"
Are these good news details leading to strengthened State guidance into Sequans' next steps?
$23 Million-ish in new cash.
Here's hoping that product sales announcements are coming... despite the "flattish" outlook for Q1.
reuters.com
JANUARY 19, 2018 / En route to Davos, Macron makes Versailles the place to be PARIS (Reuters) - French President Emmanuel Macron will host dozens of the world’s most powerful business executives at the gilded Palace of Versailles to pitch France Inc before the global elite’s annual gathering at Davos... the summit that the presidency is dubbing “Choose France”...
Dozens of investment projects will be discussed, and Elysee insiders expect four to five “significant and emblematic” announcements to be made, including one for a job-creating bricks-and-mortar factory in the industrial sector. Two announcements in the digital sector and artificial intelligence will also be made, they said...
sec.gov
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 6-K: Preliminary Fourth Quarter 2017 Financial Results and First Quarter 2018 Revenue Expectations
Sequans Communications S.A. (the “Company”) expects revenue for the quarter ended December 31, 2017 to be in the range of $11.1 to $11.3 million, which is within its previous guidance of $11 to $13 million, with non-IFRS gross margin to be above 40%. Based on this revenue range and expected gross margin, the Company expects its non-IFRS net loss per diluted share/ADS to be between ($0.07) and ($0.08) for the quarter ended December 31, 2017, which also is within its previous guidance of between ($0.06) and ($0.08). Non-IFRS net loss guidance excludes the impact of stock-based compensation, non-cash fair-value and effective interest adjustments related to our convertible debt and other financings, and any other relevant non-cash or non-recurring expenses. The Company’s forecasts are preliminary estimates and subject to change upon the completion of our quarter and year-end financial reporting processes and review.
Further, the Company expects revenue for the quarter ended March 31, 2018, which is typically impacted by seasonality, to be approximately flat with the quarter ended December 31, 2017.
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13.1% Stake of Sequans Communications SA (SQNS) Maintained ... Caisse Des Depots Et Consignations recently stated that they own a 13.1% stake in Sequans Communications SA in a Form 13D/A disclosure that was filed with the SEC on Thursday, January 18th. The investor owns 12085561 shares of the stock valued at about $21995721. The reporting parties listed on ...
sec.gov
SQNS / Sequans Communications S.A. / CAISSE DES DEPOTS ET CONSIGNATIONS - SC 13D/A (Activist Investment)
Security SQNS / Sequans Communications S.A.
Form Type SC 13D/A
File Date 2018-01-18
...
Aggregate Amount Beneficially Owned by Each Reporting Person 12,085,561
...
13 Percent of Class Represented by Amount in Row (11) 13.08%
...
Name of Reporting Person EPIC Bpifrance (formerly known as “EPIC BPI-Groupe”)
...
Item 2. Identity and Background.
Item 2 is hereby amended and restated as follows:
This Statement on Schedule 13D is filed jointly by (i) the Caisse des Dépôts, a French special public entity (établissement special) (“CDC”), (ii) Bpifrance Participations S.A., a société anonyme incorporated under the laws of the Republic of France (“Bpifrance Participations”), (iii) Bpifrance S.A., a société anonyme incorporated under the laws of the Republic of France and (iv) EPIC Bpifrance, a French public institution of industrial and commercial nature (“EPIC”). CDC, Bpifrance Participations, Bpifrance S.A. and EPIC are referred to herein collectively as the “Reporting Persons.” The principal address for CDC is 56, rue de Lille, 75007 Paris, France. The principal address for Bpifrance Participations, Bpifrance S.A. and EPIC is 27-31, avenue du Général Leclerc, 94710 Maisons-Alfort Cedex, France.
Bpifrance Participations is a French public investment fund specializing in the business of equity financing via direct investments or fund of funds. Bpifrance Participations is a wholly-owned subsidiary of Bpifrance S.A., a French financial institution especially created for this purpose. CDC and EPIC each hold 50% of the share capital of Bpifrance S.A. and jointly control Bpifrance S.A. CDC is principally engaged in the business of long-term investments. EPIC, a French public institution of industrial and commercial nature, is principally engaged in the business of banking finance.
As of the date hereof, pursuant to the transaction that took place on January 17, 2018 described under Item 3, Bpifrance Participations holds directly 12,085,561 ADSs, each representing one Ordinary Share. As of the date hereof, none of Bpifrance S.A., CDC and EPIC holds any ADSs or Ordinary Shares directly. Bpifrance S.A. may be deemed to be the beneficial owner of 12,085,561 ADS, indirectly through its sole ownership of Bpifrance Participations. CDC and EPIC may be deemed to be the beneficial owner of 12,085,561 ADSs, indirectly through their joint ownership and control of Bpifrance S.A.
...
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is hereby amended and restated as follows:
On January 17, 2018, Bpifrance Participations purchased 3,125,000 ADSs from the underwriters for an aggregate purchase price of $5,000,000, at the closing of the capital increase transaction described in the Issuer’s prospectus supplement filed pursuant to Rule 424(b)(2) with the Securities and Exchange Commission on January 17, 2018. Bpifrance Participations obtained the funds to purchase the ADSs from working capital. |
