Item 2.02 Results of Operations and Financial Condition
On February 29, 2024, Zynex, Inc. (the “Company”) issued a press release announcing certain results for the fourth quarter and full year ended December 31, 2023. The full text of the press release is furnished herewith as Exhibit 99.1.
The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as expressly set forth in such filing.
Item 8.01. Other Events
On February 29, 2024, the Company issued a press release announcing that the Board of Directors of the Company has authorized the Company to repurchase up to $20.0 million of the Company’s outstanding shares of common stock from time to time until March 4, 2025, through a trading plan established in compliance with Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the “Repurchase Plan”).
Pursuant to the Repurchase Plan, the Company may purchase from time-to-time outstanding shares of common stock in open market and negotiated purchases, effective March 4, 2024, and continuing for a period of one year or until full use of the $20.0 million, whichever comes first. These repurchases will be made in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, and subject to market conditions, available liquidity, cash flow, applicable legal requirements and other factors. The Repurchase Plan does not obligate the Company to acquire any particular amount of common stock and the plan may be suspended or discontinued at any time. The Company expects to finance the purchases with existing cash balances.
A copy of the press release is furnished herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
d) Exhibits.
