ESTERO, Fla. –

Now being led by an interim chief executive officer, Hertz is setting its sights on being in a better position for shareholders.

Hertz announced on Monday that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed public offering of its common stock.

Hertz’s common stock currently trades on the over-the-counter market under the symbol HTZZ. Hertz said that it intends to apply to list its common stock on the Nasdaq Global Select Market under the symbol HTZ in connection with the offering.

The rental car company indicated the shares of common stock to be sold in the offering are anticipated to be offered by certain Hertz stockholders.

“The terms of the offering have not yet been determined,” Hertz said in a news release. “The offering is expected to be commenced in the fourth quarter, subject to market conditions and completion of any regulatory review.”

Goldman Sachs & Co., J.P. Morgan Securities, and Morgan Stanley & Co. are acting as lead-bookrunning managers for the proposed offering. Barclays Capital and Deutsche Bank Securities are acting as additional bookrunners.

Hertz added that a registration statement relating to these securities has been filed with the SEC but has not yet become effective.

“These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective,” Hertz said. “This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.”