ZYNEX INC: going-concern / distress — Zynex Chapter 11 plan confirmed; existing equity to be cancelled

ZYNEX INC

Bankruptcy court confirmed Third Amended Joint Plan on March 19, 2026; effective date expected by March 31, 2026.
Plan Sponsor (owned by DIP lenders) will receive 100% of new common shares; existing common stock cancelled.
DIP lenders also get pro rata share of $10M takeback debt; GUC Trust established for unsecured claims.
Company's common stock was delisted from Nasdaq in Dec 2025; now trades on OTC under ZYXIQ.
Approximately 30.8M shares outstanding before plan; after effective date, only 1,000 new shares issued to Plan Sponsor.

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 December 15, 2025 (the “Petition Date”), Zynex, Inc. (the “Company”) and certain of its subsidiaries (collectively, the “Company Subsidiary Parties” and together with the Company, the “Company Parties”) 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

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Source: SEC EDGAR

accession 0001104659-26-032723

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