# EDGAR Filing Document

**Accession Number:** 0001383395
**File Stem:** 0001641172-25-018843
**Filing Date:** 2025-7
**Character Count:** 14644
**Document Hash:** a37c17748901000bc5d06326c3aa6e48
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-018843.hdr.sgml**: 20250711

**ACCESSION NUMBER**: 0001641172-25-018843

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250711

**DATE AS OF CHANGE**: 20250711

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEQUANS COMMUNICATIONS
- **CENTRAL INDEX KEY:** 0001383395
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** I0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-86632
- **FILM NUMBER:** 251120018

**BUSINESS ADDRESS:**
- **STREET 1:** 15-55 BLVD CHARLES DE GAULLE
- **STREET 2:** LES PORTES DE LA DEFENSE
- **CITY:** COLOMBES
- **STATE:** I0
- **ZIP:** 92700
- **BUSINESS PHONE:** 33170721600

**MAIL ADDRESS:**
- **STREET 1:** 15-55 BLVD CHARLES DE GAULLE
- **STREET 2:** LES PORTES DE LA DEFENSE
- **CITY:** COLOMBES
- **STATE:** I0
- **ZIP:** 92700
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** 272 Capital LP
- **CENTRAL INDEX KEY:** 0001841077

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 3811 TURTLE CREEK BLVD, SUITE 2100
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75219
- **BUSINESS PHONE:** 214-556-2465

**MAIL ADDRESS:**
- **STREET 1:** 3811 TURTLE CREEK BLVD, SUITE 2100
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 272 Capital LLC
- **DATE OF NAME CHANGE:** 20240422

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** B. Riley Asset Management, LLC
- **DATE OF NAME CHANGE:** 20220208

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 272 Capital LP
- **DATE OF NAME CHANGE:** 20210119

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 4)**

**Sequans Communications**

*(Name of Issuer)*

**Ordinary Shares, nominal value euro 0.01 per share**

*(Title of Class of Securities)*

**817323306**

*(CUSIP Number)*

**272 Capital LP**<br>3811 Turtle Creek Boulevard, Suite 2100<br>Dallas TX 75219<br>(214) 556-2465

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/17/2024**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **817323306** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**272 Capital LP** | Name of reporting person<br>**272 Capital LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**39329840.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**39329840.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**39329840.00** | Aggregate amount beneficially owned by each reporting person<br>**39329840.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**2.8%** | Percent of class represented by amount in Row (11)<br>**2.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

**Comment for Reporting Person:** See Item 5 for additional information.

| **CUSIP No.** | **817323306** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Wes Cummins** | Name of reporting person<br>**Wes Cummins** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**922000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**39329840.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**922000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**39329840.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**40251840.00** | Aggregate amount beneficially owned by each reporting person<br>**40251840.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**2.8%** | Percent of class represented by amount in Row (11)<br>**2.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** See Item 5 for additional information.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Ordinary Shares, nominal value euro 0.01 per share

**(b) Name of Issuer:**
Sequans Communications

**(c) Address of Issuer's Principal Executive Offices:**
15-55 Boulevard Charles de Gaulle, Colombes, I0, 92700

The following constitutes Amendment No. 4 ("Amendment No. 4") to the Schedule 13D filed by the undersigned on March 24, 2022 with respect to the ordinary shares, nominal value euro 0.01 per share (the "Shares") of the Issuer (the "Original Schedule 13D"), as amended by Amendment No. 1 filed on September 6, 2022 ("Amendment No. 1"), Amendment No. 2 filed on December 5, 2022 ("Amendment No. 2"), and Amendment No. 3 filed on October 27, 2023 ("Amendment No. 3" and, together with the Original Schedule 13D, Amendment No. 1 and Amendment No. 2, the "Schedule 13D"). This Amendment No. 4 amends the Schedule 13D as specifically set forth herein. Capitalized terms used and not otherwise defined in this Amendment No. 4 have the meanings set forth in the Schedule 13D. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable. All ADS amounts set forth in this Amendment No .4 reflect the Issuer's change in the number of Shares represented by ADS from 4 Shares per ADS to 10 Shares per ADS effected as of October 9, 2024.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Items 5(a)-(c) and (e) of the Schedule 13D are hereby supplemented as follows:

The information contained in rows 7, 8, 9, 10, 11 and 13 of the cover pages of this Amendment is hereby incorporated by reference in its entirety into this Item 5.

As of the date hereof and as of July 7, 2025, Mr. Cummins beneficially owns  40,251,840 Shares (represented by 4,025,184 ADSs) including 922,000 Shares (represented by 92,200 ADSs) subject to warrants that are exercisable within 60 days, representing 2.8% of the outstanding Shares of the Issuer, based on 1,427,163,962 Shares (represented by 142,714,545 ADSs) outstanding as of July 7, 2025, as reported by the Issuer directly to the Reporting Persons.

As of the date hereof and as of July 7, 2025, 272 Capital beneficially owns 39,329,840 Shares (represented by 3,932,984 ADSs), representing 2.8% of the outstanding Shares of the Issuer, based on 1,427,163,962 Shares (represented by 142,714,545 ADSs) outstanding as of July 7, 2025, as reported by the Issuer directly to the Reporting Persons.

As of March 31, 2025, Mr. Cummins beneficially owned 39,891,840 Shares (represented by 3,989,184 ADSs) including 562,000 Shares (represented by 56,200  ADSs) subject to warrants that are exercisable within 60 days, representing 15.7% of the outstanding Shares of the Issuer, based on 253,875,282 Shares outstanding as of March 31, 2025, as reported in Exhibit 99.1 to the Issuer's Report of Foreign Private Issuer on Form 6-K filed with the SEC on May 6, 2025.

As of March 31, 2025, 272 Capital beneficially owned 39,329,840 Shares (represented by 3,932,984 ADSs), representing 15.5% of the outstanding Shares of the Issuer, based on 253,875,282 Shares outstanding as of March 31, 2025, as reported in Exhibit 99.1 to the Issuer's Report of Foreign Private Issuer on Form 6-K filed with the SEC on May 6, 2025.

As of June 17, 2024, Mr. Cummins beneficially owned 40,704,392 Shares (represented by  4,070,439 ADSs) including 562,000 Shares (represented by 56,200  ADSs) subject to warrants that are exercisable within 60 days, representing 16.4% of the outstanding Shares of the Issuer, based on 247,755,548 Shares outstanding as of May 7, 2024, as reported in the Issuer's Annual Report on Form 20-F filed with the SEC on May 15, 2024.

As of June 17, 2024, 272 Capital beneficially owned 40,142,392 Shares (represented by 4,014,239 ADSs), representing 16.2% of the Shares, based on 247,755,548 Shares outstanding as of May 7, 2024, as reported in the Issuer's Annual Report on Form 20-F filed with the SEC on May 15, 2024.

**(b)**
As of the date hereof and as of July 7, 2025, Mr. Cummins may be deemed to be the beneficial owner of 39,329,840 Shares (represented by 3,932,984 ADSs), as to which Mr. Cummins has shared power to vote or direct the vote and shared power to dispose or to direct the disposition, and 922,000 Shares (represented by 92,200 ADSs) subject to warrants that are exercisable within 60 days, as to which Mr. Cummins has sole power to vote or direct the vote and sole power to dispose or to direct the disposition.

As of the date hereof and as of July 7, 2025, 272 Capital may be deemed to be the beneficial owner of 39,329,840 Shares (represented by 3,932,984 ADSs), as to which 272 Capital has shared power to vote or direct the vote and shared power to dispose or to direct the disposition.

As of March 31, 2025, Mr. Cummins may be deemed to be the beneficial owner of 39,329,840 Shares (represented by 3,932,984 ADSs), as to which Mr. Cummins has shared power to vote or direct the vote and shared power to dispose or to direct the disposition, and 562,000 Shares (represented by 56,200 ADSs) subject to warrants that are exercisable within 60 days, as to which Mr. Cummins has sole power to vote or direct the vote and sole power to dispose or to direct the disposition.

As of March 31, 2025, 272 Capital may be deemed to be the beneficial owner of 39,329,840 Shares (represented by 3,932,984 ADSs), as to which 272 Capital has shared power to vote or direct the vote and shared power to dispose or to direct the disposition.

As of June 17, 2024, Mr. Cummins may be deemed to be the beneficial owner of 40,142,392 Shares (represented by 4,014,239 ADSs), as to which Mr. Cummins has the shared power to vote or direct the vote and shared power to dispose or to direct the disposition, and 562,000 Shares (represented by 56,200 ADSs) subject to warrants that are exercisable within 60 days, as to which Mr. Cummins has sole power to vote or direct the vote and sole power to dispose or to direct the disposition.

As of June 17, 2024, 272 Capital may be deemed to be the beneficial owner of 40,142,392 Shares (represented by 4,014,239 ADSs), as to which 272 Capital has shared power to vote or direct the vote and shared power to dispose or to direct the disposition.

**(c)**
The Reporting Persons have not effected any transactions during the past sixty (60) days from the date of this filing in any securities of the Issuer.

Except for the June 2025 Grant, the Reporting Persons did not effect any transactions during the past sixty (60) days from July 7, 2025 in any securities of the Issuer.

On March 31, 2025, one of the BRAM Funds and Accounts to which 272 Capital was the investment manager was terminated, resulting in the Reporting Persons ceasing to have beneficial ownership of the underlying securities, including 812,400 Shares (represented by 81,240 ADSs). Otherwise, the Reporting Persons did not effect any transactions during the past sixty (60) days from March 31, 2025 in any securities of the Issuer.

On June 17, 2024, one of the BRAM Funds and Accounts to which 272 Capital was the investment manager was sold, resulting in the Reporting Persons ceasing to have beneficial ownership of the underlying securities, including 4,871,372 Shares (represented by 487,137 ADSs). Otherwise, the Reporting Persons did not effect any transactions during the past sixty (60) days from June 17, 2024 in any securities of the Issuer.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** 272 Capital LP

**Signature:** /s/ Wes Cummins

**Name/Title:** Wes Cummins/President

**Date:** 07/11/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Wes Cummins

**Signature:** /s/ Wes Cummins

**Name/Title:** Wes Cummins

**Date:** 07/11/2025