{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-057837","form_type":"8-K","ticker":null,"cik":"0000846475","company_name":"ZYNEX INC","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.422523+00:00","generated_at":"2026-06-15T11:12:41.001021+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Zynex prices $52.5M convertible notes (5.00%, due 2026); CEO withdraws secondary offering","bullets":["Priced $52.5M aggregate principal of 5.00% convertible senior notes due 2026; initial conversion price ~$10.78/share (15% premium).","Initial purchaser option for additional $7.5M exercised in full, bringing total to $60M.","Net proceeds ~$50M (or $57.2M if greenshoe); $8.5M to repay term loan, remainder for working capital/general corporate.","CEO Thomas Sandgaard withdrew his proposed secondary offering of 2M shares, citing market conditions; no shares sold."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-057837","json":"https://secwatch.observer/filing/0001104659-23-057837.json","markdown":"https://secwatch.observer/filing/0001104659-23-057837.md","text":"https://secwatch.observer/filing/0001104659-23-057837.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/846475/000110465923057837/0001104659-23-057837-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/846475/000110465923057837/tm2314861d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T11:12:41.001021+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bf6e2d74a7b1edef53ccd21c8d04865a9c2c7a63","claim":"ZYNEX INC incurred convertible notes of $60,000,000 with U.S. Bank Trust Company, National Association at 5.00% per year maturing May 15, 2026.","evidence_excerpt":"amount of Notes. On May 8, 2023, the initial purchaser exercised its option to purchase additional Notes in full, bringing the total aggregate principal amount of the Notes to $60,000,000. The Notes were issued pursuant to, and are governed by, an indenture (the “Indenture”), dated as of May 9, 2023, between the Company and U.S. Bank Trust Company, National","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/846475/000110465923057837/0001104659-23-057837-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$60,000,000"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"5.00% per year"},{"label":"Maturity","value":"May 15, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"74619d8f86302c80db5dcc7b95fe40b81b330a4b","claim":"ZYNEX INC entered into Purchase Agreement with initial purchaser valued at $52,500,000 (effective 2023-05-04).","evidence_excerpt":"On May 4, 2023, Zynex, Inc. (the “Company”) priced a private offering of $52,500,000 in aggregate principal amount of its 5.00% Convertible Senior Notes due 2026 (the “Notes”) and entered into a purchase agreement (the “Purchase Agreement”) with the initial purchaser of the Notes, pursuant to which the Company granted the initial purchaser an option to purchase up to an additional $7,500,000 principal amount of Notes.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/846475/000110465923057837/0001104659-23-057837-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"initial purchaser"},{"label":"Value","value":"$52,500,000"},{"label":"Effective","value":"2023-05-04"}],"fact_type":"material_agreement"},{"claim_id":"9bfb33bcae149f9d715b97e957b24fdd2d8b899f","claim":"ZYNEX INC entered into Indenture with U.S. Bank Trust Company, National Association valued at $60,000,000 (effective 2023-05-09).","evidence_excerpt":"On May 4, 2023, Zynex, Inc. (the “Company”) priced a private offering of $52,500,000 in aggregate principal amount of its 5.00% Convertible Senior Notes due 2026 (the “Notes”) and entered into a purchase agreement (the “Purchase Agreement”) with the initial purchaser of the Notes, pursuant to which the Company granted the initial purchaser an option to purchase up to an additional $7,500,000 principal amount of Notes. On May 8, 2023, the initial purchaser exercised its option to purchase additional Notes in full, bringing the total aggregate principal amount of the Notes to $60,000,000. The Notes were issued pursuant to, and are governed by, an indenture (the “Indenture”), dated as of May 9, 2023, between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/846475/000110465923057837/0001104659-23-057837-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$60,000,000"},{"label":"Effective","value":"2023-05-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}