Genasys Inc. (NASDAQ: GNSS) announced on October 28, 2026, that it has fully repaid its unsecured term loan to Maran Partners Fund, LP. The final payment, which covered the remaining principal and accrued interest, was made on October 23, 2026. According to the filing, Genasys originally borrowed $4.3 million from Maran Partners on June 9, 2026. The loan was amended on September 14, 2026, during which the company made a partial repayment.
Following the October 23 payment, Genasys has no remaining obligations under the loan agreement. The company stated that the repayment strengthens its balance sheet and allows it to focus its loan servicing efforts on its secured term loan. Genasys made its first monthly amortization payment on that secured loan on October 1, 2026.
Genasys Inc., headquartered in San Diego, California, describes itself as a global leader in Protective Communications. The company provides software and hardware solutions designed to help organizations and public safety agencies prepare for and respond to emergencies. Its portfolio includes the Long Range Acoustic Device (LRAD) and the Protect Platform, which includes Genasys Protect and Genasys Evertel.
