Genasys Inc. 8K

Genasys Inc. amended its term loan agreement to extend the maturity and reset terms and fees on its remaining $15.2 million term loan while confirming prior tranches are repaid, eliminating unused commitments, and obtaining a limited waiver of past covenant defaults.

On July 13, 2026, Genasys Inc. entered into a Third Amendment to its Term Loan and Security Agreement with Cantor Fitzgerald Securities, as Administrative and Collateral Agent, and the existing lender group led by Whitebox funds, to amend the existing May 13, 2024 loan facility by extending the maturity of the Closing Date Term Loan, confirming that the First Amendment Term Loan has been repaid in full and that there are no remaining commitments for any Additional Term Loan, fixing the outstanding principal balance of the Closing Date Term Loan at $15,206,812.50, revising prepayment and Minimum Return Amount provisions (including new scheduled monthly payments beginning October 1, 2026), updating related warrant and other loan documentation, and providing a limited waiver of past defaults under the minimum liquidity covenant in Section 7.18 subject to customary conditions precedent, reaffirmations of obligations and collateral, and a broad release of claims in favor of the Agent and Lenders.

Filing Facts

CIK

924383

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-304084

Alert Tier

7