Zynex files Chapter 11, secures $22.3M DIP facility; Nasdaq to delist stock

ZYNEX INC

Filed Chapter 11 on Dec 15, 2025; entered $22.3M DIP credit agreement on Dec 17, 2025.
DIP facility provides three draws: $10.15M (received Dec 18), $5M, $7.15M; interest 10% PIK.
Nasdaq determined to delist common stock due to bankruptcy; trading suspended Dec 24, 2025; no appeal.
Company expects common stock to trade on OTC Markets; warns equity holders will experience significant loss.

item 1.01 item 1.03 item 2.03 item 3.01 item 9.01

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