The American car rental company Hertz also declared bankruptcy before, and filed an urgent application with the court on Thursday to allow the company to sell 246.8 million unissued shares to Jefferies LLC. The Delaware region went bankrupt the next day The court approved that the company could sell up to $1 billion in stock. The company’s stock fell by about 12% during the extended trading period and surged by 37.4% on Friday. The reason for the increase in the stock’s volatility is that the stock may be delisted, but Hertz submitted this week to the US Securities and Exchange Commission. A public document stated that it had appealed the delisting request of the New York Stock Exchange. source