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Genasys (GNSS) just unveiled an announcement.
Genasys Inc. has secured a $15 million loan, backed by warrants for over 3 million shares, and added two new independent members to its Board of Directors. With a focus on financial flexibility, the company obtained favorable loan terms, including a variable interest payment option and the ability to prepay early. This strategic financial move, coupled with the expertise of the newly appointed directors, positions Genasys for robust governance and growth in the financial markets.
For a thorough assessment of GNSS stock, go to TipRanks’ Stock Analysis page.
