{"filing":{"accession_number":"0000950103-26-015848","cik":"0000047129","ticker":null,"company_name":"HERTZ CORP","form":"8-K","filing_date":"2026-10-20","report_date":"2026-10-16","primary_document":"dp255212_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/47129/000095010326015848/dp255212_8k.htm"},"events":[{"id":36261,"run_id":33425,"accession_number":"0000950103-26-015848","anchor_item_number":"1.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"summary":"Hertz entered into a material joint venture arrangement on October 16, 2026, whereby external investors (Cohen Private Ventures, Certares, and Knighthead) purchased 50% of voting units and approximately 15.86% of common units of Oro Mobility Holdings LLC for $80.89 million in cash. Hertz transferred related assets and $60.03 million in cash to the JV entity, representing a significant restructuring of the Oro Mobility business and positioning it as a standalone growth platform.","company_name":"HERTZ CORP","ticker":null,"filing_date":"2026-10-20","form":"8-K","submitted_at":null,"items":[{"id":40612,"accession_number":"0000950103-26-015848","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Hertz entered into a material joint venture arrangement on October 16, 2026, whereby JV Investors (Cohen Private Ventures, Certares, and Knighthead) purchased 50% voting units and approximately 15.86% economic units of Oro Mobility Holdings LLC for $80.89 million in cash. This represents a significant restructuring of Hertz's Oro Mobility business, with Hertz transferring related assets and $60.03 million in cash to the JV Entity. The transaction was approved by Hertz's independent Audit Committee and disinterested directors, and includes ancillary agreements for services, fleet leasing, and trademark licensing. This constitutes a material change of control or disposition of a significant business segment.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-20T11:06:50.480720+00:00","company_name":"","ticker":null,"filing_date":""},{"id":40613,"accession_number":"0000950103-26-015848","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"financial_other","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Hertz announced that its subsidiary Oro Mobility secured an $80 million strategic equity investment from a consortium including Cohen Private Ventures, Certares Opportunities, and Knighthead Capital Management. While Hertz retains majority economic ownership and will benefit from Oro's growth, this is fundamentally a capital-raising event for a subsidiary that does not fit neatly into the standard taxonomy categories. The investment is material to investors assessing Hertz's transformation strategy and financial position, but it is neither a debt issuance (no direct obligation created for Hertz), a dilutive issuance (equity raised by subsidiary, not parent), nor a traditional M\u0026A activity. It is best classified as a financial event outside the named categories.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-20T11:06:50.480720+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":40612,"accession_number":"0000950103-26-015848","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Hertz entered into a material joint venture arrangement on October 16, 2026, whereby JV Investors (Cohen Private Ventures, Certares, and Knighthead) purchased 50% voting units and approximately 15.86% economic units of Oro Mobility Holdings LLC for $80.89 million in cash. This represents a significant restructuring of Hertz's Oro Mobility business, with Hertz transferring related assets and $60.03 million in cash to the JV Entity. The transaction was approved by Hertz's independent Audit Committee and disinterested directors, and includes ancillary agreements for services, fleet leasing, and trademark licensing. This constitutes a material change of control or disposition of a significant business segment.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-20T11:06:50.480720+00:00","company_name":"HERTZ CORP","ticker":null,"filing_date":"2026-10-20"},{"id":40613,"accession_number":"0000950103-26-015848","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"financial_other","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Hertz announced that its subsidiary Oro Mobility secured an $80 million strategic equity investment from a consortium including Cohen Private Ventures, Certares Opportunities, and Knighthead Capital Management. While Hertz retains majority economic ownership and will benefit from Oro's growth, this is fundamentally a capital-raising event for a subsidiary that does not fit neatly into the standard taxonomy categories. The investment is material to investors assessing Hertz's transformation strategy and financial position, but it is neither a debt issuance (no direct obligation created for Hertz), a dilutive issuance (equity raised by subsidiary, not parent), nor a traditional M\u0026A activity. It is best classified as a financial event outside the named categories.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-20T11:06:50.480720+00:00","company_name":"HERTZ CORP","ticker":null,"filing_date":"2026-10-20"}]}