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Hertz sold $29 million in shares before the SEC stopped it from selling even more, despite filing for bankruptcy in May

Business Insider Tuesday, 11 August 2020
Hertz sold $29 million in shares before the SEC stopped it from selling even more, despite filing for bankruptcy in May· Hertz sold $29 million shares before the Securities Exchange Commission stopped it from selling more. 
· The car rental company filed for chapter 11 bankruptcy protection in May. 
· It initially intended to sell up to $500 million in stock, but the SEC questioned the plan. 
· A number of day traders have been piling...
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Hertz is seeking a $1.5 billion bankruptcy loan after regulators blocked its controversial $500 million share sale, report says

The car-rental giant is looking for cash after SEC officials deterred it from selling probably worthless shares to day traders.
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