secwatch.observer — SEC 8-K summary
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Issuer:     HERTZ GLOBAL HOLDINGS, INC (HTZ)
CIK:        0001657853
Form:       8-K
Filed at:   2026-07-23T20:03:48+00:00
Accession:  0000950103-26-011085
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657853/000095010326011085/0000950103-26-011085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47129/000095010326011085/dp250548_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-011085

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