The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired Hertz Global Holdings, Inc. (“Hertz” or the “Company”) (NASDAQ: HTZ) common stock between May 7, 2026 and June 23, 2026, inclusive (“the Class Period”).

If you suffered a loss on your Hertz investments, you have until September 22, 2026 to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline. If you choose to take no action, you may remain an absent class member. For more information about the lawsuit:

[CONTACT THE FIRM IF YOU SUFFERED A LOSS]

What Is This Lawsuit About? The lawsuit alleges that Hertz made materially false and misleading statements and/or failed to disclose the following adverse facts: (i) Hertz’s liquidity was deteriorating far more rapidly than represented, and the Company’s available liquidity was not sufficient to fund its operations and obligations for the next twelve months as management had represented, without resorting to a distressed, dilutive financing; (ii) the softness in the used-car market that the Company had previously characterized as “isolated to the quarter” and “transitory” had in fact recurred and was materially depressing the Company’s net depreciation per unit (“DPU”) and Adjusted Corporate EBITDA; (iii) as a result of the foregoing, the Company was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders; and (iv) as a result of the foregoing, Defendant’s positive statements about Hertz’s business, operations, and liquidity position were materially false and misleading and lacked a reasonable basis.

On June 24, 2026, Hertz announced a dilutive capital raise. The Company intended to offer $300 million of Exchange Senior First-Lien Secured PIK Notes due 2030, as well as a concurrent share-lending offering of more than 37 million shares of common stock. Additionally, the Company disclosed that “unexpected softness in the used car market” had caused losses on vehicle sales in May 2026 and would drive second-quarter Adjusted Corporate EBITDA down to $50 million to 80 million. On this news, Hertz’s stock price declined by $2.06 per share, or more than 40%, to close at $3.00 per share on June 24, 2026.

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The Lead Plaintiff Appointment Process. The federal securities laws permit any investor who acquired eligible securities during the class period to seek appointment as lead plaintiff in a class action lawsuit. Learn more about the lead plaintiff process and eligibility requirements here. Courts typically appoint the investor(s) with the largest financial loss in the case and the ability to represent the class rather than investors with simply the largest investment portfolio. Courts regularly appoint individual investors, whether acting alone or as a group, as lead plaintiffs. The rights of any investor who bought shares during the class period are generally already protected. However, lead plaintiffs have the power to influence case strategy and have a say in settlement decisions, as well as decisions concerning allocation of settlement funds among class members.

[LEARN MORE ABOUT THE LEAD PLAINTIFF PROCESS]

What Should I Do? If you purchased or otherwise acquired Hertz securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

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

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