secwatch.observer — SEC 8-K summary
======================================

Issuer:     ZYNEX INC (—)
CIK:        0000846475
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001104659-23-057837
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zynex prices $52.5M convertible notes (5.00%, due 2026); CEO withdraws secondary offering
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/846475/000110465923057837/0001104659-23-057837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/846475/000110465923057837/tm2314861d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-057837

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer