{"filing":{"accession_number":"0000950103-26-011085","cik":"0000047129","ticker":null,"company_name":"HERTZ CORP","form":"8-K","filing_date":"2026-07-23","report_date":null,"primary_document":"dp250548_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/47129/000095010326011085/dp250548_8k.htm"},"events":[{"id":20008,"run_id":18013,"accession_number":"0000950103-26-011085","anchor_item_number":"8.01","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"The filing discloses issuance of $350 million (plus $30 million option) of Exchangeable Senior First-Lien Secured PIK Notes due 2030, which are convertible debt instruments that trigger anti-dilution adjustments to existing public warrants. The warrant exercise price decreased from $13.61 to $12.81 and warrant holders receive more shares (1.0140 to 1.0772 shares per warrant), indicating material dilution to existing shareholders. This is a significant capital-raising event with direct dilutive consequences to equity holders.","company_name":"HERTZ CORP","ticker":null,"filing_date":"2026-07-23","form":"8-K","submitted_at":null,"items":[{"id":19257,"accession_number":"0000950103-26-011085","item_number":"8.01","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"The filing discloses issuance of $350 million (plus $30 million option) of Exchangeable Senior First-Lien Secured PIK Notes due 2030, which are convertible debt instruments. The exchangeability feature and the resulting anti-dilution adjustment to public warrants (exercise price reduced from $13.61 to $12.81, share count increased from 1.0140 to 1.0772 shares) demonstrate dilutive equity consequences to existing shareholders. This is a material capital-raising event with direct dilutive impact on warrant holders and potential common shareholders upon exchange.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-23T20:05:55.051863+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":19257,"accession_number":"0000950103-26-011085","item_number":"8.01","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"The filing discloses issuance of $350 million (plus $30 million option) of Exchangeable Senior First-Lien Secured PIK Notes due 2030, which are convertible debt instruments. The exchangeability feature and the resulting anti-dilution adjustment to public warrants (exercise price reduced from $13.61 to $12.81, share count increased from 1.0140 to 1.0772 shares) demonstrate dilutive equity consequences to existing shareholders. This is a material capital-raising event with direct dilutive impact on warrant holders and potential common shareholders upon exchange.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-23T20:05:55.051863+00:00","company_name":"HERTZ CORP","ticker":null,"filing_date":"2026-07-23"}]}