secwatch.observer — SEC 8-K summary
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Issuer:     ZYNEX INC (—)
CIK:        0000846475
Form:       8-K
Filed at:   2026-03-20T23:59:59+00:00
Accession:  0001104659-26-032723
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zynex Chapter 11 plan confirmed; existing equity to be cancelled
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/846475/000110465926032723/0001104659-26-032723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/846475/000110465926032723/zyxi-20260319x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-032723

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