M&A
confidence high
sentiment positive
materiality 0.75
Genasys completes Evertel acquisition and closes $11.5M public offering of 5.75M shares at $2.00
Genasys Inc.
- Acquired Evertel Technologies, a cross-agency collaboration platform for public safety; issued 986,486 shares as partial payment.
- Closed underwritten public offering of 5,750,000 shares at $2.00/share; gross proceeds $11.5M, net ~$10.585M.
- Net proceeds to fund Evertel integration, R&D, working capital, and organic growth.
- Evertel platform complements Genasys Protect, enabling virtual Emergency Operations Center for planning and collaboration.
- Underwriters' over-allotment option fully exercised; Roth Capital and Joseph Gunnar acted as managers.