Hertz Global Holdings To Begin Trading On The Over The Counter Bulletin Board Under Ticker Symbol HTZGQ

Rhea-AI Summary

Hertz Global Holdings, Inc. announced that its common stock will start trading exclusively on the over-the-counter market starting October 30, 2020. The decision follows the company's Chapter 11 filing on May 22, 2020, and the NYSE's determination that Hertz was no longer suitable for listing. The stock will trade under the new ticker symbol HTZGQ on the OTC Bulletin Board, as its previous listing on the NYSE will cease on the same date. Investor information and Chapter 11 case details are available on the company's website.

Positive

• Transition to OTC trading may provide more flexibility for future stock movements.

Negative

• Delisting from the NYSE indicates significant financial distress.
• Chapter 11 filing suggests potential difficulties in restructuring and financial recovery.

ESTERO, Fla., Oct. 30, 2020 /PRNewswire/ -- Hertz Global Holdings, Inc. (OTC: HTZGQ) today announced that its common stock will start trading exclusively on the over-the-counter market. Stock quotations will be available on the OTC Bulletin Board (Pink Sheets) under the ticker symbol HTZGQ.

The NYSE determined that Hertz was no longer suitable for listing following the Company's May 22, 2020 Chapter 11 filing and its review of the Company's appeal of the delisting. The stock will no longer trade on the NYSE effective October 30, 2020.  

Investor information is available on the Company's website at http://ir.hertz.com/. Information about the Chapter 11 case and Court filings are available on https://restructuring.primeclerk.com/hertz.

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SOURCE Hertz Global Holdings, Inc.

FAQ

Why is Hertz stock moving to OTC trading?

Hertz's stock is moving to OTC trading due to the NYSE's decision that the company is no longer suitable for listing following its Chapter 11 bankruptcy filing.

What is the new ticker symbol for Hertz?

The new ticker symbol for Hertz on the OTC Bulletin Board is HTZGQ.

When will Hertz stock stop trading on the NYSE?

Hertz stock will stop trading on the NYSE effective October 30, 2020.

What does Hertz's Chapter 11 filing mean for investors?

Hertz's Chapter 11 filing indicates financial distress, which could affect the company's ability to recover and may impact shareholder value.