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Zynex Announces Strategic Initiatives: Engagement of Province, Appointment of Paul Aronzon to Board of Directors, and Formation of Special Committee
Prnewswire· 2025-11-14 13:15
Core Viewpoint - Zynex, Inc. is implementing strategic initiatives to ensure long-term success, including engaging a financial advisory firm and forming a Special Committee to explore various strategic alternatives [1][2][5]. Strategic Initiatives - Zynex has engaged Province, LLC to evaluate strategic alternatives, including capital raising and restructuring strategies [2]. - A Special Committee has been formed by the Board, consisting of independent directors, to oversee the assessment of these strategic alternatives [4]. Leadership Changes - Paul Aronzon has been appointed to the Board of Directors, bringing over 40 years of experience in corporate restructuring and advisory roles [3]. - Aronzon will serve as Chair of the Special Committee, which will work closely with management and Province to assess strategic options [4]. Management Statements - CEO Steven Dyson emphasized the company's commitment to exploring all avenues for a new future for Zynex through these strategic steps [5].