Hertz adjusts warrant exercise price to $12.81 and share count to 1.0772 per warrant due to $380M note issuance

HERTZ GLOBAL HOLDINGS, INC

Issued $350M + $30M (total $380M) of 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030.
Anti-dilution adjustment: warrant exercise price reduced from $13.61 to $12.81.
Shares per warrant increased from 1.0140 to 1.0772, effective concurrently with price change.
Notes issued June 29, 2026; additional $30M settled July 10, 2026.

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