HTZ DEADLINE NOTICE: Hertz Global Holdings, Inc. Investors Encouraged to Contact Kirby McInerney LLP By September 22, 2026
Kirby McInerney LLP issued a deadline notice reminding Hertz (NASDAQ:HTZ) investors they have until September 22, 2026 to ask the court for lead-plaintiff status in a securities fraud class action covering purchases between May 7 and June 23, 2026. The suit alleges Hertz misrepresented its liquidity position and downplayed used-car market softness, culminating in a June 24, 2026 dilutive capital raise of $300 million of PIK notes plus a share-lending offering of more than 37 million shares. On that disclosure, HTZ fell $2.06 per share -- more than 40% -- to close at $3.00, and the company guided Q2 Adjusted Corporate EBITDA down to $50 million to 80 million.
Key figures
- Class period
- May 7, 2026 to June 23, 2026
- One day stock decline
- $2.06 per share (more than 40%)
- Lead plaintiff deadline
- September 22, 2026
- Notes offering announced
- $300 million of Exchange Senior First-Lien Secured PIK Notes due 2030
- Closing price june 24 2026
- $3.00 per share
- Share lending offering shares
- more than 37 million shares of common stock
- Q2 adjusted corporate ebitda guidance
- $50 million to 80 million
AI analysis
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