Genasys to be acquired by Thoma Bravo affiliate for $113M
Ticker: GNSS · Form: 8-K · Filed: Mar 19, 2025 · CIK: 924383
| Field | Detail |
|---|---|
| Company | Genasys Inc. (GNSS) |
| Form Type | 8-K |
| Filed Date | Mar 19, 2025 |
| Risk Level | medium |
| Sentiment | bullish |
Sentiment: bullish
Topics: acquisition, private-equity, going-private
TL;DR
Genasys is going private! Thoma Bravo is buying it for $4.70/share, deal expected Q2 2025.
AI Summary
Genasys Inc. announced on March 17, 2025, that it has entered into a definitive agreement to be acquired by an affiliate of Thoma Bravo, L.P. for $4.70 per share in cash. This transaction values Genasys at approximately $113 million. The deal is expected to close in the second quarter of 2025, subject to customary closing conditions.
Why It Matters
This acquisition by a private equity firm suggests a strategic shift for Genasys, potentially leading to significant changes in its operations and future direction under new ownership.
Risk Assessment
Risk Level: medium — The acquisition price represents a premium, but the deal is subject to closing conditions and potential regulatory review.
Key Numbers
- $4.70 — Acquisition Price Per Share (This is the cash amount each shareholder will receive for their Genasys stock.)
- $113 million — Total Acquisition Value (This represents the total enterprise value of Genasys being acquired.)
Key Players & Entities
- Genasys Inc. (company) — Company being acquired
- Thoma Bravo, L.P. (company) — Acquiring entity's affiliate
- $4.70 (dollar_amount) — Per share acquisition price
- $113 million (dollar_amount) — Total acquisition value
- March 17, 2025 (date) — Date of definitive agreement
- second quarter of 2025 (date) — Expected closing period
FAQ
What is the exact name of the acquiring entity?
The filing states that Genasys Inc. has entered into a definitive agreement to be acquired by an affiliate of Thoma Bravo, L.P.
What is the per-share price for the acquisition?
The acquisition is for $4.70 per share in cash.
What is the total value of the transaction?
The transaction values Genasys Inc. at approximately $113 million.
When is the acquisition expected to close?
The deal is expected to close in the second quarter of 2025.
Are there any specific conditions for the closing of the deal?
The deal is subject to customary closing conditions.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on March 19, 2025 regarding Genasys Inc. (GNSS).