SCHEDULE 13G/A: Divisar Capital Management and Affiliates Disclose 4.4% Stake in Sequans Communications

Divisar Capital Management LLC, along with Divisar Partners QP, L.P. and Steven Baughman, has disclosed a beneficial ownership of 4.4% in Sequans Communications as of December 31, 2024, through an Amendment No. 9 to Schedule 13G filing.

Summary

• Divisar Capital Management LLC, Divisar Partners QP, L.P., and Steven Baughman (collectively "Reporting Persons") have filed an Amendment No. 9 to Schedule 13G regarding their beneficial ownership in Sequans Communications.
• As of December 31, 2024, Divisar Capital Management LLC and Steven Baughman each beneficially own 1,107,270 American Depository Shares (ADS), representing 4.4% of the class.
• Divisar Partners QP, L.P. beneficially owns 1,034,725 ADS, representing 4.1% of the class.
• Each ADS represents ten (10) Ordinary Shares, with the percentages calculated based on 249,928,692 Ordinary Shares (equivalent to 24,992,869 ADS) outstanding as of September 27, 2024.
• All reported shares are held with shared voting and shared dispositive power, with no sole voting or dispositive power.
• The Reporting Persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual, legally mandated disclosure of beneficial ownership, providing no positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of an investment firm's passive stake in a publicly traded company, common in the investment management industry. It does not provide specific insights into broader industry trends for telecommunications or semiconductor companies, but rather reflects an investment decision by Divisar Capital Management.

Stakeholder Impact

• Provides transparency to shareholders and the market regarding significant ownership stakes held by institutional investors.
• Confirms that the stake is held for investment purposes in the ordinary course of business, not for control-influencing purposes, which can reassure other investors.

Key Dates

Keywords

Sequans Communications, Divisar Capital Management, Divisar Partners QP, Steven Baughman, Schedule 13G, beneficial ownership, equity stake, investment adviser, SEC filing, American Depository Shares, SQNS