--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-26-035274" form_type: "8-K" ticker: null cik: "0000846475" company_name: "ZYNEX INC" filed_at: "2026-03-26T23:59:59+00:00" generated_at: "2026-05-15T08:56:55.067930+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # Zynex emerges from Chapter 11; all common stock canceled, $10M exit loan, new board ## Summary - 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. ## SEC filing metadata - accession: 0001104659-26-035274 - form_type: 8-K - cik: 0000846475 - company_name: ZYNEX INC - filed_at: 2026-03-26T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.01, 1.02, 2.03, 3.02, 3.03, 5.01, 5.02, 5.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/846475/000110465926035274/0001104659-26-035274-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/846475/000110465926035274/zyxi-20260326x8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-26-035274 - JSON: https://secwatch.observer/filing/0001104659-26-035274.json - Plain text: https://secwatch.observer/filing/0001104659-26-035274.txt ## Key facts - Debt Financings 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 source text: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/846475/000110465926035274/0001104659-26-035274-index.htm - Governance Changes 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/846475/000110465926035274/0001104659-26-035274-index.htm - Governance Changes ZYNEX INC: Amended and restated bylaws, removing stockholder nomination/proposal provisions and adjusting director meeting notice to one day. - Change: bylaw amendment source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/846475/000110465926035274/0001104659-26-035274-index.htm - M&A Transactions ZYNEX INC underwent a change of control involving Plan Sponsor. - Action: change of control - Counterparty: Plan Sponsor source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/846475/000110465926035274/0001104659-26-035274-index.htm - Material Agreements 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 source text: On the Effective Date, pursuant to the Plan, all outstanding obligations under the Notes and the Indenture were discharged. evidence_url: https://www.sec.gov/Archives/edgar/data/846475/000110465926035274/0001104659-26-035274-index.htm - Material Agreements 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 source text: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/846475/000110465926035274/0001104659-26-035274-index.htm - Material Agreements ZYNEX INC terminated DIP Credit Agreement with Wilmington Savings Fund Society, FSB. - Action: termination - Agreement: credit facility - Counterparty: Wilmington Savings Fund Society, FSB source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/846475/000110465926035274/0001104659-26-035274-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.