Owners and Shareholders Hertz Global HoldingsTheir public offering of shares increased 20% in anticipation of plans for a relisting of the stock on Nasdaq under the ticker “HTZ” on Tuesday.

The Estero, Florida-based car-rental company late Monday said the pricing of the upsized public offering of 44.52 million shares, up from 37.1 million announced last week, will be $29 – the high-end of its previously targeted range.An unnamed group is offering shares to the stockholders. The new terms allow for $1.3 billion of capital raising.

Hertz plans to purchase from the underwriters over 10.3 million shares for a total of $300 million.

Hertz has been trading its common stock on the Over-The-Counter Market under the symbol HTZZ since October 2020. its Chapter 11 filingIt will be available for purchase in May 2020. The company, which is now bankrupt, applied previously to be listed on Nasdaq with the ticker symbol “HTZ.” On Monday, the over-the counter shares ended at $32.62.

Under the ticker symbol HTZWW, the company’s warrants will also be posted to the Nasdaq.

Hertz indicated that Morgan Stanley and JPMorgan are the leading bookrunning managers in relation to the planned offering. This is expected close Friday.

Following the announcement of Mark Fields, former Ford CEO Mark Fields as its chief executive officer, stock prices rose after this public offering. as its interim CEOPlan and how to get there add 100,000 Tesla carsTo its fleet until 2022.

After CEO Elon Musk’s last week announcement, it’s not clear what Hertz’s status with Tesla is. said no deal had been signed. Hertz did not respond to our request for comment, as it stated its intentions.  

During the early days of the coronavirus pandemic, Hertz filed for bankruptcy protection — but as travel rebounded somewhat and demand for rental vehicles picked up, investors from Knighthead Capital Management and Certares Management said they would take over the company.

Hertz does not know which stockholders have sold the shares, or how many each has.