DYNATRONICS CORP: going-concern / distress — Dynatronics files Chapter 7 bankruptcy, ceases operations, trustee to liquidate

DYNATRONICS CORP

Filed Chapter 7 petition on Jan 9, 2026; subsidiaries Hausmann, Bird & Cronin, and Dynatronics Distribution included.
Chapter 7 trustee will administer liquidation of assets; initial creditors' meeting to be scheduled.
Bankruptcy triggers default under Loan and Security Agreement with Gibraltar Business Capital LLC and redemption rights on Series A and B preferred stock.
All directors (Brian Baker, Andrew Hulett, R. Scott Ward, Erin S. Enright, David B. Holtz) resigned; CEO and officers terminated effective trustee appointment.
Company ceased operations; no ongoing business activities expected.

item 1.03 item 2.04 item 5.02

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DYNATRONICS CORP reported a default on credit facility with Gibraltar Business Capital, LLC.

Instrument: credit facility
Counterparty: Gibraltar Business Capital, LLC
Event: default

Exact text from the filing

Trigger one or more events of default under the Company's Loan and Security Agreement dated as of August 1, 2023 with Gibraltar Business Capital, LLC.

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Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

DYNATRONICS CORP entered chapter 7 in United States Bankruptcy Court for the District of Minnesota (petition 2026-01-09).

Proceeding: chapter 7
Court: United States Bankruptcy Court for the District of Minnesota
Petition: 2026-01-09

Exact text from the filing

On January 9, 2026, after considering all strategic alternatives, Dynatronics Corporation (the "Company"), and its wholly-owned subsidiaries, Hausmann Enterprises, LLC, Bird & Cronin, LLC, and Dynatronics Distribution Company, LLC (collectively, the "Debtors"), each ceased operations and filed a voluntary petition for relief (collectively, the "Bankruptcy Filings") under Chapter 7 of Title 11 of the United States Code, 11 U.S.C. §§ 101 et seq. in the United States Bankruptcy Court (the "Bankruptcy Court") for the District of Minnesota (collectively, the "Bankruptcy Cases").

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Source: SEC EDGAR

accession 0001062993-26-000178

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