---
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"
generated_at: "2026-06-12T20:19:41.735626+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Genasys enters $4.3M unsecured term loan at 18% with Maran Partners

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-269389
- JSON: https://secwatch.observer/filing/0001193125-26-269389.json
- Plain text: https://secwatch.observer/filing/0001193125-26-269389.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/924383/000119312526269389/0001193125-26-269389-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/924383/000119312526269389/0001193125-26-269389-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.