Bankrupt Hertz Sells Up to $500M in Common Stock but Expects Its Shares to Be ‘Worthless’

Coinspeaker
Bankrupt Hertz Sells Up to $500M in Common Stock but Expects Its Shares to Be ‘Worthless’

To sell the shares, Hertz has entered into an Open Market Sale Agreement, or sales agreement, with Jefferies LLC. In the pre-market today, Hertz (HTZ) stock is 9.52% up, $2.07 per share. 

Bankrupt Hertz Sells Up to $500M in Common Stock but Expects Its Shares to Be ‘Worthless’

Coinspeaker

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Author: toutiao