# EDGAR Filing Document

**Accession Number:** 0001463928
**File Stem:** 0001104659-25-067827
**Filing Date:** 2025-7
**Character Count:** 25724
**Document Hash:** a28e4d79e1374cb2366db4830b42a9d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-067827.hdr.sgml**: 20250714

**ACCESSION NUMBER**: 0001104659-25-067827

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250714

**DATE AS OF CHANGE**: 20250714

**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 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-86632
- **FILM NUMBER:** 251122710

**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:** YA II PN, Ltd.
- **CENTRAL INDEX KEY:** 0001463928

**ORGANIZATION NAME:**
- **EIN:** 980615492
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 1012 SPRINGFIELD AVENUE
- **CITY:** MOUNTAINSIDE
- **STATE:** NJ
- **ZIP:** 07092
- **BUSINESS PHONE:** 201 985 8300

**MAIL ADDRESS:**
- **STREET 1:** 1012 SPRINGFIELD AVENUE
- **CITY:** MOUNTAINSIDE
- **STATE:** NJ
- **ZIP:** 07092

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** YA GLOBAL MASTER SPV, LTD.
- **DATE OF NAME CHANGE:** 20130604

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** YA GLOBAL MASTER SPV LLC
- **DATE OF NAME CHANGE:** 20090512

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

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** Sequans Communications

**Title of Class of Securities:** American Depository Shares, each representing ten (10) Ordinary Shares, nominal value Euro 0.01

**CUSIP Number:** 817323306

**Date of Event Which Requires Filing of this Statement:** 07/07/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>YA II PN, Ltd. | Names of Reporting Persons<br>YA II PN, Ltd. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>14128739.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>14128739.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>14128739.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>14128739.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>9.9% | Percent of Class Represented by Amount in Row (9)<br>9.9% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** YA II PN, Ltd. ("YA") entered into a Securities Purchase Agreement with Sequans Communications, S.A. (the "Issuer") on June 22, 2025. YA II purchased 10,227,115 American Depository Shares ("ADSs"), 7,630,027 Pre-Funded Warrants and 2,678,571 Common Warrants. Under the terms of the Pre-Funded Warrants and Common Warrants, the Issuer is prohibited from issuing additional ADSs to YA II to the extent that it would cause the aggregate number of ADSs beneficially owned by YA II and its affiliates to exceed 9.99% of the then outstanding ADSs of the Issuer.

---

| 1. | Names of Reporting Persons<br>YA Global Investments II (U.S.), LP | Names of Reporting Persons<br>YA Global Investments II (U.S.), LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>14128739.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>14128739.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>14128739.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>14128739.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>9.9% | Percent of Class Represented by Amount in Row (9)<br>9.9% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** YA II PN, Ltd. ("YA") entered into a Securities Purchase Agreement with Sequans Communications, S.A. (the "Issuer") on June 22, 2025. YA II purchased 10,227,115 American Depository Shares ("ADSs"), 7,630,027 Pre-Funded Warrants and 2,678,571 Common Warrants. Under the terms of the Pre-Funded Warrants and Common Warrants, the Issuer is prohibited from issuing additional ADSs to YA II to the extent that it would cause the aggregate number of ADSs beneficially owned by YA II and its affiliates to exceed 9.99% of the then outstanding ADSs of the Issuer.

---

| 1. | Names of Reporting Persons<br>Yorkville Advisors Global, LP | Names of Reporting Persons<br>Yorkville Advisors Global, LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>14128739.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>14128739.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>14128739.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>14128739.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>9.9% | Percent of Class Represented by Amount in Row (9)<br>9.9% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** YA II PN, Ltd. ("YA") entered into a Securities Purchase Agreement with Sequans Communications, S.A. (the "Issuer") on June 22, 2025. YA II purchased 10,227,115 American Depository Shares ("ADSs"), 7,630,027 Pre-Funded Warrants and 2,678,571 Common Warrants. Under the terms of the Pre-Funded Warrants and Common Warrants, the Issuer is prohibited from issuing additional ADSs to YA II to the extent that it would cause the aggregate number of ADSs beneficially owned by YA II and its affiliates to exceed 9.99% of the then outstanding ADSs of the Issuer.

---

| 1. | Names of Reporting Persons<br>Yorkville Advisors Global II, LLC | Names of Reporting Persons<br>Yorkville Advisors Global II, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>14128739.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>14128739.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>14128739.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>14128739.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>9.9% | Percent of Class Represented by Amount in Row (9)<br>9.9% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** YA II PN, Ltd. ("YA") entered into a Securities Purchase Agreement with Sequans Communications, S.A. (the "Issuer") on June 22, 2025. YA II purchased 10,227,115 American Depository Shares ("ADSs"), 7,630,027 Pre-Funded Warrants and 2,678,571 Common Warrants. Under the terms of the Pre-Funded Warrants and Common Warrants, the Issuer is prohibited from issuing additional ADSs to YA II to the extent that it would cause the aggregate number of ADSs beneficially owned by YA II and its affiliates to exceed 9.99% of the then outstanding ADSs of the Issuer.

---

| 1. | Names of Reporting Persons<br>YAII GP, LP | Names of Reporting Persons<br>YAII GP, LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>14128739.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>14128739.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>14128739.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>14128739.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>9.9% | Percent of Class Represented by Amount in Row (9)<br>9.9% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** YA II PN, Ltd. ("YA") entered into a Securities Purchase Agreement with Sequans Communications, S.A. (the "Issuer") on June 22, 2025. YA II purchased 10,227,115 American Depository Shares ("ADSs"), 7,630,027 Pre-Funded Warrants and 2,678,571 Common Warrants. Under the terms of the Pre-Funded Warrants and Common Warrants, the Issuer is prohibited from issuing additional ADSs to YA II to the extent that it would cause the aggregate number of ADSs beneficially owned by YA II and its affiliates to exceed 9.99% of the then outstanding ADSs of the Issuer.

---

| 1. | Names of Reporting Persons<br>YAII GP II, LLC | Names of Reporting Persons<br>YAII GP II, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>14128739.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>14128739.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>14128739.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>14128739.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>9.9% | Percent of Class Represented by Amount in Row (9)<br>9.9% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** YA II PN, Ltd. ("YA") entered into a Securities Purchase Agreement with Sequans Communications, S.A. (the "Issuer") on June 22, 2025. YA II purchased 10,227,115 American Depository Shares ("ADSs"), 7,630,027 Pre-Funded Warrants and 2,678,571 Common Warrants. Under the terms of the Pre-Funded Warrants and Common Warrants, the Issuer is prohibited from issuing additional ADSs to YA II to the extent that it would cause the aggregate number of ADSs beneficially owned by YA II and its affiliates to exceed 9.99% of the then outstanding ADSs of the Issuer.

---

| 1. | Names of Reporting Persons<br>Mark Angelo | Names of Reporting Persons<br>Mark Angelo |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>NJ | Citizenship or Place of Organization<br>NJ |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>14128739.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>14128739.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>14128739.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>14128739.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>9.9% | Percent of Class Represented by Amount in Row (9)<br>9.9% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** YA II PN, Ltd. ("YA") entered into a Securities Purchase Agreement with Sequans Communications, S.A. (the "Issuer") on June 22, 2025. YA II purchased 10,227,115 American Depository Shares ("ADSs"), 7,630,027 Pre-Funded Warrants and 2,678,571 Common Warrants. Under the terms of the Pre-Funded Warrants and Common Warrants, the Issuer is prohibited from issuing additional ADSs to YA II to the extent that it would cause the aggregate number of ADSs beneficially owned by YA II and its affiliates to exceed 9.99% of the then outstanding ADSs of the Issuer.

---

| 1. | Names of Reporting Persons<br>SC-Sigma Global Partners, LP | Names of Reporting Persons<br>SC-Sigma Global Partners, LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [x] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>14128739.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>14128739.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>14128739.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>14128739.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>9.9% | Percent of Class Represented by Amount in Row (9)<br>9.9% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** YA II PN, Ltd. ("YA") entered into a Securities Purchase Agreement with Sequans Communications, S.A. (the "Issuer") on June 22, 2025. YA II purchased 10,227,115 American Depository Shares ("ADSs"), 7,630,027 Pre-Funded Warrants and 2,678,571 Common Warrants. Under the terms of the Pre-Funded Warrants and Common Warrants, the Issuer is prohibited from issuing additional ADSs to YA II to the extent that it would cause the aggregate number of ADSs beneficially owned by YA II and its affiliates to exceed 9.99% of the then outstanding ADSs of the Issuer.

---

**Item 1(a). Name of Issuer:**
Sequans Communications

**Item 1(b). Address of Issuer's Principal Executive Offices:**
15-55 BLVD Charles de Gaulle, Les Portes De La Defenses Colombes, France, 92700

**Item 2(a). Name of Person Filing:**
YA II PN, Ltd.

**Item 2(b). Address of Principal Business Office:**
1012 Springfield Ave., Mountainside, NJ 07092

**Item 2(c). Citizenship:**
Cayman Islands

**Item 2(d). Title of Class of Securities:**
American Depository Shares, each representing ten (10) Ordinary Shares, nominal value Euro 0.01

**Item 2(e). CUSIP Number:**
817323306

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

14,128,739

**(b) Percent of class:**

9.9

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

0

**(ii) Shared power to vote or to direct the vote:**

14,128,739

**(iii) Sole power to dispose or to direct the disposition of:**

0

**(iv) Shared power to dispose or to direct the disposition of:**

14,128,739

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

YA II is beneficially owned by YA Global Investments II (U.S.), LP (the "YA Feeder"). Yorkville Advisors Global, LP (the "YA Advisor") is the investment manager to YA II. Yorkville Advisors Global II, LLC (the "YA Advisor GP") is the general partner to the YA Advisor. YAII GP, LP (the "YA GP") is the general partner to the YA Feeder. YAII GP II, LLC (the "Yorkville GP") is the general partner to the YA GP. Mark Angelo makes the investment decisions on behalf of YA II. Accordingly, each of YA II, YA Feeder, the YA Advisor, the YA Advisor GP, the YA GP, the Yorkville GP and Mark Angelo may be deemed affiliates and therefore may be deemed to beneficially own the same number of Class A Shares.

YAII GP, LP is the general partner of SC-Sigma Global Partners, LP ("SC-Sigma"), which is an investor in YA II. YAII GP II, LLC is the general partner of YAII GP, LP. The YA Advisor is the investment manager to SC-Sigma. Accordingly, SC-Sigma, the YA GP, the Yorkville GP, the YA Advisor, and Mark Angelo may be deemed affiliates and therefore may be deemed to beneficially own the same number of shares of Class A Shares.

For purposes of this filing, each of the reporting persons is deemed an affiliate of each other reporting person.

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### 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.

**YA II PN, Ltd.**

**Date:** 07/14/2025

**By:** /s/ David Gonzalez

**Name & Title:** David Gonzalez, General Counsel

**YA Global Investments II (U.S.), LP**

**Date:** 07/14/2025

**By:** /s/ David Gonzalez

**Name & Title:** David Gonzalez, General Counsel

**Yorkville Advisors Global, LP**

**Date:** 07/14/2025

**By:** /s/ David Gonzalez

**Name & Title:** David Gonzalez, General Counsel

**Yorkville Advisors Global II, LLC**

**Date:** 07/14/2025

**By:** /s/ David Gonzalez

**Name & Title:** David Gonzalez, General Counsel

**YAII GP, LP**

**Date:** 07/14/2025

**By:** /s/ David Gonzalez

**Name & Title:** David Gonzalez, General Counsel

**YAII GP II, LLC**

**Date:** 07/14/2025

**By:** /s/ David Gonzalez

**Name & Title:** David Gonzalez, General Counsel

**Mark Angelo**

**Date:** 07/14/2025

**By:** /s/ Mark Angelo

**Name & Title:** Mark Angelo

**SC-Sigma Global Partners, LP**

**Date:** 07/14/2025

**By:** /s/ David Gonzalez

**Name & Title:** David Gonzalez, General Counsel