Zynex shares fall 11.82% premarket after filing for Chapter 11 restructuring with lender support.

Zynex Inc. (NASDAQ: ZYXI) fell 11.82% in premarket trading following its announcement of a voluntary Chapter 11 financial restructuring with lender support. The company cited the restructuring as a step toward long-term stability, emphasizing lender confidence and continued operations, but the move signals severe financial distress. Recent news highlighted Zynex’s $71.62 million debt burden, negative EBITDA, and a 92% stock decline over the past year, underscoring investor concerns. The restructuring, while aiming to reorganize the business, triggered a sharp sell-off as markets interpreted the bankruptcy filing as a sign of insolvency risks and operational challenges. The lack of positive earnings surprises or strategic updates further reinforced the bearish sentiment, aligning with the stock’s premarket decline.