{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-269389","form_type":"8-K","ticker":"GNSS","cik":"0000924383","company_name":"Genasys Inc.","filed_at":"2026-06-12T20:06:16+00:00","discovered_at":"2026-06-12T20:08:00.291702+00:00","generated_at":"2026-06-12T20:19:41.735626+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Genasys enters $4.3M unsecured term loan at 18% with Maran Partners","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-269389","json":"https://secwatch.observer/filing/0001193125-26-269389.json","markdown":"https://secwatch.observer/filing/0001193125-26-269389.md","text":"https://secwatch.observer/filing/0001193125-26-269389.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/924383/000119312526269389/0001193125-26-269389-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/924383/000119312526269389/gnss-20260609.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T20:19:41.735626+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"100b2fdbea9436f4d7458a216be2119fbeb3fe13","claim":"Genasys Inc. incurred term loan of $4.3 million with Maran Partners Fund, LP at 18% per annum maturing September 14, 2026.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/924383/000119312526269389/0001193125-26-269389-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$4.3 million"},{"label":"Counterparty","value":"Maran Partners Fund, LP"},{"label":"Rate","value":"18% per annum"},{"label":"Maturity","value":"September 14, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"8473ff9d9c2a4dca5547ba84fc795171e4bfbcb8","claim":"Genasys Inc. entered into Loan Agreement with Maran Partners Fund, LP valued at $4.3 million (effective 2026-06-09).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/924383/000119312526269389/0001193125-26-269389-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Maran Partners Fund, LP"},{"label":"Value","value":"$4.3 million"},{"label":"Effective","value":"2026-06-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}