---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-121390"
form_type: "8-K"
ticker: null
cik: "0000846475"
company_name: "ZYNEX INC"
filed_at: "2025-12-16T23:59:59+00:00"
generated_at: "2026-05-16T13:08:41.336923+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Zynex files Chapter 11; $60M notes default; $22.3M DIP from lenders

## Summary
- Filed Chapter 11 petitions on Dec 15, 2025; $60M 5% convertible notes due 2026 triggered default.
- Restructuring support agreement with 80% of noteholders; $22.3M DIP facility at 10% interest.
- DIP lenders include CEO Steven Dyson ($2M) and noteholders; stalking horse bid set for asset sale.
- Milestones: bid deadline 75 days, auction 90 days, emergence 105 days post-petition.
- Company expects equity holders to experience significant loss; operations continue normally.

## SEC filing metadata
- accession: 0001104659-25-121390
- form_type: 8-K
- cik: 0000846475
- company_name: ZYNEX INC
- filed_at: 2025-12-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 1.03, 2.04, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/846475/000110465925121390/0001104659-25-121390-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/846475/000110465925121390/zyxi-20251215x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-121390
- JSON: https://secwatch.observer/filing/0001104659-25-121390.json
- Plain text: https://secwatch.observer/filing/0001104659-25-121390.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.