ZYNEX INC: going-concern / distress — Zynex files amended Chapter 11 plan with global settlement; equity holders expected to suffer significant loss

ZYNEX INC

Filed Second Amended Plan on Feb 1, 2026, implementing global settlement among debtors, noteholders, and unsecured creditors committee.
Plan establishes trust for Convertible Notes and General Unsecured Claims, funded with $750,000 initial funding plus D&O policies and estate claims.
Plan includes equity transaction with a yet-to-be-determined Plan Sponsor; Excess Sale Proceeds to be distributed per Plan.
Common stock delisted from Nasdaq on Dec 24, 2025; now trades on OTC Pink under ZYXIQ; Nasdaq filed Form 25 on Jan 23, 2026.
Company warns that equity holders will experience significant loss; trading in securities is highly speculative.

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

filed voluntary petitions (the "Chapter 11 Cases") under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of Texas (the "Court").

View on SEC.gov

Browse all distress & bankruptcy →

Source: SEC EDGAR

accession 0001104659-26-009241

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.