Business Wire
25 Jun 2026, 04:09 UTC · 4h ago
Hertz Announces Pricing of Offering of 37,037,037 Shares of Common Stock
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Business Wire
25 Jun 2026, 04:09 UTC · 4h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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Hertz has priced a public offering of approximately 37 million shares of common stock at $2.70 per share. — The issuance of a large volume of new shares typically creates significant downward pressure on the stock price due to equity dilution.
-0.60Which stocks this story touches
The company is issuing a significant amount of new common stock, which typically leads to share dilution for existing investors.
The company is acting as an underwriter in a routine securities offering, which is standard operational activity.
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[a_to_b] Hertz is loaning common stock shares to J.P. Morgan Securities LLC as part of a registered offering.
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