Genasys enters USD 4.3 million unsecured term loan with Maran Partners Fund at 18% rate

Genasys, Inc.

Genasys, Inc.

GNSS

0.00
  • Genasys entered an unsecured USD 4.3 million term loan with Maran Partners Fund on June 9, 2026.
  • Loan carries an 18% fixed rate with monthly interest payments; all principal, interest, fees due Sept. 14, 2026.
  • Origination fee of USD 301,000 deducted from proceeds; funds earmarked for working capital and general corporate purposes.
  • Exit fee set at USD 64,500 if repaid on or before July 13, 2026; USD 150,500 if repaid later.
  • Default rate rises to 23%; mandatory prepayment triggers include change of control, certain asset sales, certain equity issuances.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genasys Inc- published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-269389), on June 12, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.