M&A - SEQUANS COMMUNICATIONS

Form Type: CORRESP

Filing Date: 2023-10-04

Corporate Action: Acquisition

Type: Update

Accession Number: 000119312523250762

Filing Summary: On October 4, 2023, Sequans Communications submitted responses to the SEC regarding previous comments on their Schedule 14D-9 and Schedule 13E-3 filings. The response details the company's amendments to address SEC staff comments dated September 19 and discussed September 20, 2023. Key updates include the company's request for confidential treatment of redacted information related to parties contacted during the acquisition process. The company enhanced disclosures regarding the fairness determination of the transaction, clarified its reliance on Needham & Company's financial analyses, and included comprehensive financial projections. Additional improvements in disclosure also pertain to the rationale behind the acquisition, recommendations from the Board, and the considerations regarding minimum conditions for consummating the deal. Overall, the amendments reflect an effort to fully comply with SEC requirements and enhance transparency for shareholders regarding the acquisition.

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