8-K
filed March 26, 2026, 7:59 PM ET
CIK 0000846475
other material
confidence high
sentiment negative
materiality 1.00
ZYNEX INC: M&A transaction — Zynex emerges from Chapter 11; all common stock canceled, $10M exit loan, new board
ZYNEX INC
- Old common stock canceled; Plan Sponsor Altivera Medical Holdings receives 100% of 1,000 new shares.
- Exit Credit Agreement provides $10.0M senior secured term loan due 2034, convertible to common stock.
- DIP facility ($22.3M) and $60M 5% Convertible Senior Notes discharged on Effective Date.
- New board: Vikram Bajaj and John Bibb as directors; officers remain in same capacities.
- Articles amended to authorize 1M shares of $0.001 par common stock, no other classes.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
ZYNEX INC incurred term loan of $10.0 million with Wilmington Savings Fund Society, FSB at the applicable federal rate maturing April 20, 2034.
- Instrument
- term loan
- Principal
- $10.0 million
- Counterparty
- Wilmington Savings Fund Society, FSB
- Rate
- the applicable federal rate
- Maturity
- April 20, 2034
- Event
- incurrence
Exact text from the filing
The Exit Credit Agreement provides for $10.0 million in aggregate principal amount of senior secured term loans maturing on April 20, 2034 (the “New Term Loan Facility”).
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
ZYNEX INC: Amended and restated articles of incorporation to authorize 1,000,000 shares of Common Stock at $0.001 par value.
- Change
- charter amendment
Exact text from the filing
The Articles authorizes the Company to issue up to 1,000,000 shares of Common Stock, with a par value of $0.001 per share.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
ZYNEX INC: Amended and restated bylaws, removing stockholder nomination/proposal provisions and adjusting director meeting notice to one day.
- Change
- bylaw amendment
Exact text from the filing
The Bylaws removed the nominations and proposals by stockholders provisions and provided that special meetings of the Board of Directors may be called by the Chief Executive Officer or President with one day written notice.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
ZYNEX INC underwent a change of control involving Plan Sponsor.
- Action
- change of control
- Counterparty
- Plan Sponsor
Exact text from the filing
On the Effective Date, all previously issued and outstanding equity interests in the Company were cancelled and extinguished. Pursuant to the Plan, the Plan Sponsor received 100% of the shares of the Common Stock.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ZYNEX INC terminated Indenture with U.S. Bank Trust Company, National Association.
- Action
- termination
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association
Exact text from the filing
On the Effective Date, pursuant to the Plan, all outstanding obligations under the Notes and the Indenture were discharged.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ZYNEX INC entered into Exit Credit Agreement with Wilmington Savings Fund Society, FSB valued at $10.0 million.
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wilmington Savings Fund Society, FSB
- Value
- $10.0 million
Exact text from the filing
On the Effective Date and in connection with the Plan, the Company, as borrower, the guarantors, the lender party thereto and Wilmington Savings Fund Society, FSB (“WSFS”), as administrative agent and collateral agent, entered into a term loan credit agreement (the “Exit Credit Agreement”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ZYNEX INC terminated DIP Credit Agreement with Wilmington Savings Fund Society, FSB.
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Wilmington Savings Fund Society, FSB
Exact text from the filing
On the Effective Date, pursuant to the Plan, all outstanding obligations under the DIP Facility and the DIP Credit Agreement were discharged and the liens and mortgages related thereto were released.
View on SEC.gov
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