other_material
confidence high
sentiment negative
materiality 1.00
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.