Business Context and Reporting Period
This Form 6-K filing by Sequans Communications S.A. covers the month of March 2019, specifically dated March 7, 2019. The filing serves to notify the U.S. Securities and Exchange Commission of a material event regarding the company's listing status on the New York Stock Exchange (NYSE).
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a regulatory compliance notification and does not contain financial statements or performance metrics.
Material Changes
The primary material change reported is the confirmation that Sequans Communications has regained compliance with NYSE continued listing standard Section 802.01C. This compliance was achieved because:
- The closing price of its American Depositary Shares (ADS) on February 28, 2019, exceeded $1.00.
- The average closing price of its ADS for the 30 trading-day period ending February 28, 2019, exceeded $1.00.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. It does not discuss risks, contingencies, or unusual items beyond the resolution of the specific listing standard compliance issue.
Key Facts for Investor Verification
- Verify the current trading price of Sequans Communications ADS to ensure continued compliance with the $1.00 minimum bid price requirement.
- Confirm the date of the NYSE notification regarding regained compliance (March 7, 2019).
- Note that this filing is a regulatory update and does not reflect operational or financial performance changes.