Hertz Energy Announces $5 Million Private Placement Offering

Reuters02-10

<a href="https://laohu8.com/S/HZLID">Hertz Energy</a> Announces $5 Million Private Placement Offering

Hertz Energy Inc. has announced a non-brokered private placement offering of up to 5,000,000 units at $0.40 per unit, aiming to raise up to $2,000,000 under the Listed Issuer Financing Exemption. Each unit will include one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at $0.60 for 24 months. Additionally, the company plans to offer up to 6,000,000 flow-through units at $0.50 per unit for gross proceeds of up to $3,000,000. The securities offered will not be subject to a hold period under Canadian law and are not registered for sale in the United States. Proceeds from the flow-through units will be used for exploration expenses on the company’s Yukon and New Brunswick projects. The closing is expected on or about February 28, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hertz Energy Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 283376) on February 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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