Lead Plaintiff Deadline September 22, 2026

NEW YORK, July 31, 2026 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP, a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against Hertz Global Holding, Inc. (NASDAQ: HTZ) ("Hertz" or the "Company"), on behalf of those who purchased or acquired Hertz common stock between May 7, 2026 and June 23, 2026, inclusive. 

PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION

Investors who purchased Hertz shares during the class period and suffered losses may be eligible to participate in the case, with the lead-plaintiff deadline set for September 22, 2026.

The Class Period begins on May 7, 2026, when Hertz issued a release announcing the Company's Q1 2026 financial and operating results on Form 8-K, highlighting the Company's "Strongest Revenue Growth in Three Years" and emphasizing its improved DPU metrics and solid liquidity and capital position. The following day, Hertz stated that the Company's cash, liquidity facilities, and refinancing options would be sufficient to fund its operating activities and obligations for the next twelve months and for the near future.

On June 24, 2026, just weeks after assuring investors that its liquidity would carry the Company for at least twelve months, Hertz announced that a wholly owned indirect subsidiary intended to offer $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030, together with a concurrent share-lending offering of more than 37 million shares of common stock from which the Company would receive no proceeds. Hertz simultaneously disclosed that "unexpected softness in the used car market" had caused losses on the sale of vehicles in May 2026 and would drive second quarter Adjusted Corporate EBITDA down to a range of just $50 million to $80 million.

On this news, the price of Hertz common stock declined more than 40%, closing at $3.00 per share on June 24, 2026.

The next day, the offering priced on still more dilutive terms, upsized to $350 million (up to $400 million) at a 6.75% coupon, with an exchange price of approximately $3.58 per share, and with the borrowed common stock sold to the public at just $2.70 per share.

WHY WOLF HALDENSTEIN?

This illustrious firm, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The law firm brings to the fore over 125 years of legal expertise in securities litigation and has a proven record of protecting the rights of investors.

We encourage all investors who have been affected or have information that will assist in our investigation, to contact Wolf Haldenstein Adler Freeman & Herz LLP.

There is no cost or obligation to speak with an attorney.

Contact:

• Phone: (800) 575-0735 or (212) 545-4774
• Email: classmember@whafh.com
• Contact Person: Gregory Stone, Director of Case and Financial Analysis

Firm Website: Wolf Haldenstein Adler Freeman & Herz LLP

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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SOURCE Wolf Haldenstein Adler Freeman & Herz LLP