Hertz Energy Launches Non-Brokered Private Placement to Raise Up to $1.61 Million

Hertz Energy Inc. (CSE: HZ, OTCQB: HZLIF, FSE: A340) announced on October 9, 2026 a non-brokered private placement targeting gross proceeds of up to $1,607,400. The offering comes roughly two weeks after the company cancelled a previously announced private placement from September 15, 2026, in which no securities were issued and no subscription funds were advanced.

The new financing underscores Hertz Energy's continued efforts to secure capital through private markets, having also raised $420,000 via a closed placement in January 2026. Specific terms of the October offering, including unit price, share structure and warrant details, were not disclosed in the available announcements.