Sequans Capitalization and 5G Taurus Launch
Capital - fully diluted as of 30 April 2023
April 30, 2023
Shares
Total issued shares/ADS
233,161,342
ADS
58,290,336
Fully Diluted at maturity of all debt:
Convertible debt and warrants
2019 Aug, $4.12/ADS conv price, 9.5% PIK at maturity
Additional 9.5% incentive for conversion by 8/23
6,511,758
1,627,939
618,617
154,654
7,130,375
1,782,594
2021 Lynrock, $7.66/ADS conv price, assuming PIK 6% all years
24,877,619
6,219,405
Nokomis Warrants, $6.80/ADS exer price, exp 04/2024
1,800,000
450,000
Nokomis Warrants, $4.12/ADS exer price, exp 08/2025
594,680
148,670
Harbert Warrants, $5.36/ADS exer price, exp 10/2028
816,716
204,179
Concord Warrants, €0.08/ADS exer price, exp 02/2034
9,392,986
2,348,247
Unvested RSA at 30 April 2023
16,187,782
4,046,946
Stock options/warrants at 30 April 2023
5,837,536
1,459,384
Fully diluted shares/ADS
299,799,035
74,949,759
SEQUANS
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