Financing ·
Genasys Inc. borrows $4.3 million in unsecured term loan from Maran Partners Fund
GNSSGenasys Inc.
On June 9, 2026, Genasys Inc. entered into an unsecured term loan agreement with Maran Partners Fund, LP for a principal amount of $4.3 million. The loan carries an 18% annual interest rate, with a default rate of 23% per annum. All unpaid principal and interest are due on September 14, 2026. The company paid a $301,000 origination fee at closing and faces an exit fee of either $64,500 or $150,500 depending on the repayment date. Proceeds are designated for working capital and general corporate purposes. Genasys Inc. provides software and technology solutions for emergency management and public safety.