Zynex Inc. has confirmed its Chapter 11 Plan of Reorganization, as detailed in its recent 8-K filing. The confirmation order was issued by the U.S. Bankruptcy Court for the Southern District of Texas on March 19, 2026. This plan follows the company's voluntary petition for bankruptcy filed on December 15, 2025, which led to its common stock being delisted from Nasdaq and subsequently traded on the OTC Markets under the symbol 'ZYXIQ'. The confirmed plan includes significant restructuring measures, including the issuance of new common shares to the Plan Sponsor, who will receive 100% of the new equity, effectively diluting existing shareholders. The plan also establishes a General Unsecured Creditors (GUC) Trust, which will manage claims against the company. The court's approval of the plan is seen as a critical step for Zynex as it aims to emerge from bankruptcy protection and stabilize its operations. However, the plan's approval comes with the caveat that existing common stock will be canceled, and shareholders are expected to incur substantial losses. The company anticipates that the effective date of the plan will occur no later than March 31, 2026, although no assurances can be made regarding the timing or success of the plan's implementation. Stakeholders are advised that trading in the company's securities remains speculative and poses significant risks.

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