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Genasys ( (GNSS) ) has shared an update.
On January 14, 2025, Genasys Inc. entered into a Cooperation Agreement with Nicoya Capital LLC and affiliated parties, resulting in the appointment of R. Rimmy Malhotra to its Board of Directors, effective January 15, 2025. This move increases the board from six to seven members and includes Malhotra in the Audit Committee. The agreement outlines standstill restrictions and voting commitments for the Investor Parties, aiming to enhance operational oversight and strategic growth. The appointment of Malhotra, who will stand for election at the 2025 Annual Meeting of Shareholders, is expected to bring valuable investor and corporate oversight experience to Genasys as it continues its strategic initiatives and aims to enhance shareholder value.
More about Genasys
Genasys Inc. (NASDAQ: GNSS) is a global leader in Protective Communications, offering a comprehensive portfolio of preparedness, response, and analytics software and systems. The company’s Genasys Protect platform, which includes Long Range Acoustic Devices (LRAD®), is designed to ensure organizations and public safety agencies are ‘Ready when it matters.’ Genasys has been protecting people and saving lives for over 40 years, covering more than 155 million people in all 50 states and over 100 countries worldwide.
YTD Price Performance: -1.84%
Average Trading Volume: 136,437
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $119.5M
For a thorough assessment of GNSS stock, go to TipRanks’ Stock Analysis page.
