The Firm represented Genasys Inc. in connection with a $15,000,000 senior secured term loan with an institutional investor experienced in government contracts. In connection with the loan, Genasys Inc. also issued approximately 3.1 million five-year warrants to the investor. Proceeds from the financing will be used for working capital and other general corporate purposes, enabling continuing growth in its software business as well as facilitating delivery against a previously announced project award in Puerto Rico. The transaction closed March 13, 2024.

Corporate shareholder Joshua Little (St. George) led the transaction with assistance from corporate shareholder Rick Guerisoli (St. George), tax shareholder Mark Astling (Salt Lake City), environmental associate Tyler Cahoon (Lehi), corporate associate Steven Torgesen (Salt Lake City) and paralegal Deb Calegory (St. George).

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