ZYNEX INC: going-concern / distress — Zynex files Chapter 11 plan of reorganization and amends DIP credit agreement

ZYNEX INC

On Jan 14, 2026, Zynex filed a Joint Plan of Reorganization and Disclosure Statement with the bankruptcy court.
First Amendment to DIP Credit Agreement extends milestones for final order, bidding procedures, and compensation plans.
Stock delisted from Nasdaq on Dec 24, 2025; now trades on Pink Limited Market under symbol ZYXIQ.
Company warns equity holders will likely experience a significant loss under the restructuring.
DIP facility is $22.3 million senior secured term loan; amendment extends certain milestone dates.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

ZYNEX INC entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2025-12-15).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the Southern District of Texas
Petition: 2025-12-15

Exact text from the filing

On January 14, 2026, the Company Parties filed with the Court the Combined Disclosure Statement and Joint Plan of Reorganization of Zynex, Inc. and its Affiliated Debtors Pursuant to Chapter 11 of the Bankruptcy Code

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ZYNEX INC amended DIP Credit Agreement with certain DIP Lenders and Wilmington Savings Fund Society, FSB, as administrative agent and collateral agent (effective 2026-01-14).

Action: amendment
Agreement: credit facility
Counterparty: certain DIP Lenders and Wilmington Savings Fund Society, FSB, as administrative agent and collateral agent
Effective: 2026-01-14

Exact text from the filing

On January 14, 2026, the Company entered into the first amendment to the DIP Credit Agreement (the “Amendment”), by and among the Company Parties, certain DIP Lenders and the Collateral Agent to extend certain milestones related to entrance of the final DIP Order, the bidding procedures order and the order granting approval of certain compensation plans.

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Source: SEC EDGAR

accession 0001104659-26-004122

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