Sequans Calls February 19, 2026 Shareholder Vote on Major Capital Reduction After ADS Buyback

Sequans Communications S A ( (SQNS) ) has provided an update.

On January 16, 2026, Sequans Communications S.A. disclosed that its board has convened an ordinary and extraordinary general shareholders’ meeting for February 19, 2026 to vote on a series of share capital reduction measures and related formalities. Following an American Depositary Share (ADS) buyback conducted in November and December 2025, in which it repurchased 1,516,973 ADSs representing approximately 9.48% of its issued ordinary shares, the board is asking shareholders to approve the cancellation of these 151,697,300 treasury shares, formally reducing the company’s share capital by a nominal €1,516,973. In addition, the board is seeking an 18‑month authorization to cancel up to a further 723,946,200 shares acquired under any continuation of the ADS buyback program—equating to roughly half of the post‑reduction share capital—so that Sequans can keep executing repurchases while remaining within the French legal cap that limits a company to holding no more than 10% of its own shares. A third resolution would grant a Paris-based agency powers to handle the necessary legal and registry formalities, underscoring that the overall initiative is aimed at structurally shrinking the share base and providing the board flexibility to manage capital and comply with French corporate law.

The most recent analyst rating on (SQNS) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Sequans Communications S A stock, see the SQNS Stock Forecast page.

Spark’s Take on SQNS Stock

According to Spark, TipRanks’ AI Analyst, SQNS is a Neutral.

Sequans Communications S A’s overall stock score reflects significant financial challenges, including declining revenue and persistent losses. The technical analysis indicates a bearish trend, and valuation is difficult due to the lack of profitability metrics. While the earnings call highlighted some positive strategic initiatives, immediate financial concerns overshadow potential long-term benefits.

To see Spark’s full report on SQNS stock, click here.

More about Sequans Communications S A

Sequans Communications S.A. is a France-based semiconductor company specializing in 4G and 5G chips and modules for broadband and internet-of-things (IoT) applications. The company targets global markets for cellular connectivity, supplying solutions that enable wireless communication in devices ranging from consumer electronics to industrial and machine-to-machine systems.

Average Trading Volume: 255,243

Technical Sentiment Signal: Sell

Current Market Cap: $90.12M

Find detailed analytics on SQNS stock on TipRanks’ Stock Analysis page.