Friday, Oct. 30, 2020, 11:05 AM
Another ramification of Hertz’s bankruptcy filing surfaced on Friday.
Hertz Global Holdings announced that its common stock will start trading exclusively on the over-the-counter market. Stock quotations will be available on the OTC Bulletin Board — known as Pink Sheets — under the ticker symbol HTZGQ.
The company explained that the New York Stock Exchange (NYSE) determined that Hertz was no longer suitable for listing following the company’s May 22 Chapter 11 bankruptcy filing and its review of the company’s appeal of the delisting.
Hertz said in a news release that the stock will no longer trade on the NYSE effective Friday.
The stock development arrived not long after Hertz named a new chief accounting officer as well as a new chief financial officer.
Investor information is available on the company’s website at http://ir.hertz.com/. Information about the Chapter 11 case and court filings are available on https://restructuring.primeclerk.com/hertz.