Sequans Capitalization and 5G Taurus Launch slide image

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 ©2023 Sequans Communications | Proprietary & Confidential
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