Financing ·
Genasys Inc. entered into a Third Amendment to its Term Loan and Security Agreement on July 13, 2026, extending the…
GNSSGenasys Inc.
Genasys Inc. entered into a Third Amendment to its Term Loan and Security Agreement on July 13, 2026, extending the maturity date of its $15,206,812.50 Closing Date Term Loan to July 13, 2027. The amendment includes a guaranteed minimum return of 20% MOIC, monthly payments of $1 million starting October 1, 2026, and an increased default interest rate of 5% above the applicable rate. Additionally, the company amended its Warrant Agreement to extend the exercise period to May 13, 2030, and reduce the exercise price from $2.53 to $2.28 per share. Genasys Inc. provides software and technology solutions for public safety and public safety technology.