Genasys Inc. (GNSS): debt financing — Genasys enters $4.3M unsecured term loan at 18% with Maran Partners

Genasys Inc.

Loan of $4.3M at 18% annual interest, maturing September 14, 2026.
Origination fee of $301,000 (7%) deducted; exit fee up to $150,500.
Monthly interest-only payments; mandatory prepayment triggers include change of control or major asset sale.
Proceeds for working capital and general corporate purposes.
Covenants restrict dividends, additional debt, acquisitions, and asset sales.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Genasys Inc. incurred term loan of $4.3 million with Maran Partners Fund, LP at 18% per annum maturing September 14, 2026.

Instrument: term loan
Principal: $4.3 million
Counterparty: Maran Partners Fund, LP
Rate: 18% per annum
Maturity: September 14, 2026
Event: incurrence

Exact text from the filing

On June 9, 2026, Genasys Inc., a Delaware corporation (the “Company”), entered into a Loan Agreement (the “Loan Agreement”) with Maran Partners Fund, LP, a Delaware limited partnership (the “Lender”), pursuant to which the Lender extended an unsecured term loan to the Company in the principal amount of $4.3 million (the “Loan”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Genasys Inc. entered into Loan Agreement with Maran Partners Fund, LP valued at $4.3 million (effective 2026-06-09).

Action: entry
Agreement: credit facility
Counterparty: Maran Partners Fund, LP
Value: $4.3 million
Effective: 2026-06-09

Exact text from the filing

On June 9, 2026, Genasys Inc., a Delaware corporation (the “Company”), entered into a Loan Agreement (the “Loan Agreement”) with Maran Partners Fund, LP, a Delaware limited partnership (the “Lender”), pursuant to which the Lender extended an unsecured term loan to the Company in the principal amount of $4.3 million (the “Loan”).

View on SEC.gov

295 debt financings filed in the last 30 days. Browse all debt financings →

Genasys Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-269389

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