Sequans Communications S.A. (NYSE:SQNS) ("Sequans" or the "Company"), a leading provider of 5G/4G cellular IoT and software-defined radio (SDR) semiconductor solutions, today announced that on September 14, 2026 it received a notice (the "Notice") from the New York Stock Exchange (the "NYSE") informing the Company that it is no longer in compliance with Section 802.01B of the NYSE Listed Company Manual.

The Company was notified by the NYSE that it was not in compliance with Section 802.01B (the "Market Cap Deficiency") because it had an average global market capitalization over a consecutive 30 trading-day period below $50,000,000 and, at the same time, stockholders' equity less than $50,000,000. The Notice does not result in the immediate delisting of the Company's ADSs from the NYSE. The Company has notified the NYSE of its intention to regain compliance with the continued listing standards.

Sequans is developing its compliance plan for submission to the NYSE. The plan reflects the strategic actions already undertaken by the Company, including the completion of its Bitcoin treasury exit, the strengthening of its financial foundation, and its sharpened focus on executing its semiconductor growth strategy. Combined with the continued operational momentum across its IoT business, the Company believes these initiatives provide a solid foundation to regain compliance with the NYSE's continued listing standards.