SCHEDULE: Oasis Management Discloses 8.6% Stake in Sequans

Oasis Management Company Ltd. and Seth Fischer have disclosed a passive 8.6% beneficial ownership stake in Sequans Communications, totaling 141,131,590 ordinary shares.

Summary

• Oasis Management Company Ltd. and Seth Fischer reported beneficial ownership of 141,131,590 Ordinary Shares of Sequans Communications.
• This represents an 8.6% stake in the company's Ordinary Shares.
• The ownership is held with shared voting power and shared dispositive power by both reporting persons.
• The percentage is calculated based on an aggregate of 1,648,032,862 Ordinary Shares outstanding.
• This total includes 255,175,722 Ordinary Shares as of June 22, 2025, and an additional 1,392,857,140 Ordinary Shares issued in a private placement.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: A Schedule 13G is a factual disclosure of ownership and does not inherently convey positive or negative sentiment about the company's performance or prospects. It simply reports a significant passive stake.

Industry Context

This filing indicates a significant passive investment by a prominent investment manager in Sequans Communications, a company operating in the communications sector. Such disclosures are routine for large institutional investors crossing beneficial ownership thresholds.

Stakeholder Impact

• Shareholders: Disclosure of a significant passive investor may provide some market confidence or signal institutional interest, but does not imply active engagement or strategic changes.

Key Dates

Keywords

Sequans Communications, Oasis Management, Seth Fischer, Beneficial Ownership, SEC Filing, Schedule 13G, SQNS, Ordinary Shares, Investment Management