Hertz energy announces share consolidation

* Hertz (OTCQB:HZLIF [https://seekingalpha.com/symbol/HZLIF]) on Monday said it plans to consolidate its common shares on a two and on-half (2.5) share for one (1) share basis
* The consolidation would turn every 2.5 shares owned by investors to 1 share, ideally reducing the total number of shares in the market
* The total issued and outstanding number of shares post-Consolidation will be approximately 9,904,671, subject to rounding for fractional Shares
* No fractional shares would be issued upon consolidation. In such an event, the fraction would be rounded off to the next whole number
* HZLIF is -3.33% to $0.046
* Source: Press Release [https://seekingalpha.com/pr/20204010-hertz-energy-announces-share-consolidation]

MORE ON HERTZ ENERGY INC.

* Financial information for Hertz Energy Inc. [https://seekingalpha.com/symbol/HZLIF/income-statement]