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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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