Genasys (NASDAQ: GNSS), the leader in protective communications solutions, closed on its previously announced underwritten public offering of 5,750,000 shares of its common stock at a public offering price of $2.00 per share of common stock, which includes the full exercise of the underwriters’ option to purchase 750,000 additional shares of common stock to cover over-allotments. Genasys received gross proceeds of approximately $11.5 million, before underwriting discounts and commissions and offering expenses. ROTH MKM acted as the sole book-running manager for the offering.
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About Genasys Inc.
Genasys is the global leader in protective communications solutions and systems, designed around one premise: ensuring organizations and public safety agencies are “Ready when it matters(TM).” The company provides the Genasys Protect platform, the most comprehensive portfolio of preparedness, response, and analytics software and systems, as well as Genasys Long Range Acoustic Devices (“LRAD(R)”) that deliver directed, audible voice messages with intelligible vocal clarity from close range to 5,500 meters. Genasys serves state and local governmental agencies, and education (“SLED”); enterprise organizations in critical sectors such as oil and gas, utilities, manufacturing, and automotive; and federal governments and the military. Genasys Protective Communications Solutions have diverse applications, including emergency warning and mass notification for public safety, critical event management for enterprise companies, de-escalation for defense and law enforcement, and automated detection of real-time threats like active shooters and severe weather. Today Genasys protects over 70 million people globally and is used in more than 100 countries, including more than 500 cities, counties and states in the U.S. For further information about the company, please visit www.Genasys.com.
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