PARIS - Sequans Communications S.A. (NYSE:SQNS), currently trading at $1.93 with a market capitalization of $49 million, has received a notice from the New York Stock Exchange (NYSE) indicating it no longer complies with continued listing standards, according to a press release statement issued Monday. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimates. The notice, received on June 5, 2025, cites non-compliance with Section 802.01B of the NYSE Listed Company Manual as the company's average global market capitalization fell below $50 million over a consecutive 30 trading-day period while simultaneously having stockholders' equity less than $50 million. Despite these challenges, InvestingPro data shows the company maintains strong liquidity with a current ratio of 1.94 and holds more cash than debt on its balance sheet.