Hertz Energy Inc - Mining Stock Analysis & Updates

Hertz Energy Announces Share Consolidation

Hertz Energy Inc. has announced that it will consolidate its common shares on a four for one basis, effective December 12, 2024. The consolidation still requires acceptance from the Canadian Securities Exchange. The company's name and trading symbol will remain the same post-consolidation, but the new CUSIP and ISIN numbers will be 42804X206 and CA42804X2068 respectively. Post-consolidation, the total issued and outstanding shares will be approximately 16,511,679. No fractional common shares will be issued upon the consolidation, with shares rounded down or up depending on whether the fractional share is less than or equal to half a share. The consolidation will also lead to an adjustment in the exercise or conversion