ZYNEX INC: Understanding the Recent Restructuring

Zynex Inc., a provider of medical devices for pain management and physical therapy, has officially completed its transition from a public company to a private subsidiary. If you are looking for clarity on what this means for your involvement with the company, here is the breakdown.

1. What happened?

Zynex successfully exited Chapter 11 bankruptcy on March 26, 2026. Under the court-approved reorganization plan, the company’s previous debts were cleared, and its ownership structure was completely overhauled. Zynex is now a private entity fully owned by Altivera Medical Holdings LLC.

2. Why did it happen?

The company filed for bankruptcy in December 2025 to address unsustainable debt and legal costs. This process allowed Zynex to wipe out old financial obligations that were hindering its cash flow. Additionally, the company secured $10 million in new financing to stabilize daily operations and ensure business continuity.

3. What does the new structure mean for you?

The company’s new Articles of Incorporation reflect its status as a private firm:

• No Public Shares: The company is authorized to issue 1,000,000 shares, all of which are held by Altivera Medical Holdings LLC. There is no longer any stock available for public purchase.
• Operational Focus: The Board of Directors now has the authority to manage capital and profits under new, private credit agreements.
• Limited Transparency: Because Zynex is no longer a public company, it is no longer required to file financial reports with the SEC. Public information regarding the company’s performance will be very limited moving forward.

4. What happened to previous investors?

If you held Zynex stock (formerly ZYXI), it is important to understand that your investment has been canceled. As of March 26, 2026, all old common stock was legally extinguished and holds no value or voting rights.

5. Important Note on "Pink Sheet" Trading

You may still see a ticker symbol for Zynex (such as ZYXIQ) appearing on "Pink Sheets" or other over-the-counter platforms. Please be aware that any shares traded under these old symbols are worthless. They do not represent ownership in the current, reorganized Zynex. Trading these symbols is purely speculative and carries an extreme risk of total loss. There is no mechanism for former shareholders to recover their original investment.

6. Business Outlook

For customers, patients, and employees, it is business as usual. The company continues to fulfill orders for medical devices, and there are no expected disruptions to patient care or insurance billing. The current management team remains in place to oversee operations under the new ownership.

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Final Takeaway for Investors: The "Zynex" that existed as a public investment opportunity no longer exists in that capacity. Because the company is now private and all previous equity has been canceled, there is no path for former shareholders to participate in the company’s future performance. If you are seeing activity on old ticker symbols, please exercise extreme caution—that activity is disconnected from the actual, private business operations.

Disclaimer: I’m an AI, not a financial advisor. This summary is for informational purposes only and shouldn't be taken as professional investment advice. Always do your own research before making any financial decisions.