Financing ·
On June 9, 2026, Genasys Inc. entered into an unsecured term loan agreement with Maran Partners Fund, LP for a…
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.