Genasys Announces Proposed Public Offering of Common Stock
28 September 2023 - 6:05AM
Genasys Inc. (“Genasys” or the “Company”)(Nasdaq: GNSS), the leader
in Protective Communications solutions, today announced that it
intends to offer shares of its common stock in an underwritten
public offering. The Company also expects to grant to the
underwriters of the offering a 30-day option to purchase up to an
additional 15% of the shares of common stock offered in the
underwritten public offering on the same terms and conditions. The
offering is subject to market and other conditions, and there can
be no assurance as to whether or when the offering may be
completed, or as to the actual size or terms of the offering.
Roth Capital Partners is acting as the sole
book-running manager and Joseph Gunnar & Co., LLC is acting as
co-manager for the offering.
The Company intends to use the net proceeds from
this offering for general corporate purposes.
A shelf registration statement on Form S-3 (File
No. 333-274161) relating to the shares of common stock to be issued
in the proposed offering was filed with the Securities and Exchange
Commission (the "SEC") and is effective. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy any of the securities described herein, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction. Copies of the preliminary prospectus supplement and
accompanying prospectus will be filed with the Securities and
Exchange Commission and, when available, may be obtained from Roth
Capital Partners, LLC, 888 San Clemente, Suite 400, Newport Beach,
CA 92660, (800) 678-9147 or by accessing the SEC's website,
www.sec.gov.
About Genasys Inc.
Genasys Inc. (NASDAQ: GNSS) 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™.” 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®) 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 more information, visit genasys.com.
Safe Harbor / Forward-Looking
Statements
Except for historical information contained
herein, the matters discussed are forward-looking statements within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. You should not place
undue reliance on these statements. We base these statements on
particular assumptions that we have made in light of our industry
experience, the stage of product and market development as well as
our perception of historical trends, current market conditions,
current economic data, expected future developments, and other
factors that we believe are appropriate under the circumstances.
These statements involve risks and uncertainties that could cause
actual results to differ materially from those suggested in the
forward-looking statements. These forward-looking statements are
subject to a number of risks and uncertainties, including without
limitation the business impact of epidemics or pandemics,
geopolitical conflict, and other events that may affect our supply
chain, and other risks and uncertainties, many of which involve
factors or circumstances that are beyond the Company’s control.
Risks and uncertainties are identified and discussed in our filings
with the Securities and Exchange Commission. These forward-looking
statements are based on information and management’s expectations
as of the date hereof. Future results may differ materially from
our current expectations. For more information regarding other
potential risks and uncertainties, see the “Risk Factors” section
of the Company’s Form 10-K for the fiscal year ended September 30,
2022. Genasys Inc. disclaims any intent or obligation to update
those forward-looking statements, except as otherwise specifically
stated.
Investor Relations Contact
Brian Alger, CFA
SVP, IR and Corporate Development
ir@genasys.com
(858) 676-0582
Media Contact:
Anya Nelson
Scratch Marketing + Media for Genasys Inc.
genasyspr@scratchmm.com
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