Zynex announces series of strategic initiatives, to evaluate alternatives

Zynex (ZYXI) announced a series of strategic initiatives aimed at positioning Zynex for long-term success. Zynex has engaged Province, LLC, an internationally recognized financial advisory firm, to assist on evaluating a range of strategic alternatives, including potential capital raising opportunities and recapitalization and restructuring strategies. In addition, Zynex is pleased to announce the appointment of Paul Aronzon to its Board of Directors. Aronzon has served as the managing member of PSA Consulting, a consulting firm, since 2019. To oversee the assessment of the above-referenced strategic alternatives, the Board has formed a Special Committee composed of independent directors and has appointed Aronzon to serve as Chair of the Special Committee. Current director Bret Wise will also serve on the Special Committee. This committee will work closely with management, Province and counsel to assess and implement the strategic alternatives, as appropriate.