Hertz Sold $29 Million in Stock Before SEC Stepped In - The Wall Street Journal

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Hertz Global Holdings Inc. raised $29 million selling its likely worthless stock before regulators dissuaded the bankrupt rental-car company from selling more.

The Florida-based company, which filed for chapter 11 protection in May, on Monday disclosed the results of a controversial effort to sell as much as $500 million in shares despite the severe financial strains that drove the company into bankruptcy.

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"sold" - Google News
August 11, 2020 at 05:55AM
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Hertz Sold $29 Million in Stock Before SEC Stepped In - The Wall Street Journal
"sold" - Google News
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