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- Case filing & court posture: Zynex, Inc. and six affiliates filed for chapter 11 protection on December 15, 2025 in the U.S. Bankruptcy Court for the Southern District of Texas (Case No. 25-90810). Dkt. 1 The case is jointly administered before Judge Alfredo R. Perez. Dkt. 20 - Liquidity & financing path: The Debtors obtained a $22.3 million DIP financing facility from an Ad Hoc Group of Convertible Noteholders and CEO Steven Dyson, with an interim order entered on December 16, 2025 Dkt. 41 and a final order entered on January 23, 2026. Dkt. 204 The filing followed a liquidity crisis triggered by TRICARE’s March 2025 payment suspension pending a billing-practices investigation. - Restructuring path: The Debtors filed a Combined Disclosure Statement and Joint Plan of Reorganization on January 14, 2026 Dkt. 175 and a bidding procedures order was entered on January 22, 2026 to solicit competing bids against the Stalking Horse Bidder’s credit bid. Dkt. 202 No qualifying competing bids were received by the February 9, 2026 deadline, and the auction was cancelled; the Stalking Horse Bidder was…
Updated May 13, 2026
Aug 27, 2026
Claims & Administration · 9:00 AM CT · Hon. Alfredo R. Pérez · Courtroom 400
Final Decree Closing Certain of the Chapter 11 Cases, Signed on 8/13/2026 (Related document(s):[442] Final Decree) (gc4)
Docket 458 · Aug 13, 2026
Certificate of No Objection (Filed By Zynex, Inc. ).(Related document(s):[442] Final Decree) (Alaniz, Omar)
Docket 456 · Aug 12, 2026
Certificate of Service of Panagiota Manatakis (Filed By EPIQ CORPORATE RESTRUCTURING ).(Related document(s):[454] Notice) (Garabato, Sid)
Docket 455 · Aug 10, 2026
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