Hertz Energy Secures Coloured Ties Commitment for Up to $500,000 in Private Placement

• Hertz Energy announced Coloured Ties Capital’s participation in its previously announced non-brokered private placement of up to $1.61 million.
• Coloured Ties agreed to subscribe for up to 2,777,777 HD Units at $0.18 each, contributing up to $500,000.
• Its expected ownership will rise from 6.21% to 14.96%, or 23.05% assuming exercise of its Warrants and no other issuances.
• The related-party transaction involves companies sharing CEO Kal Malhi, who abstained from voting on Coloured Ties’ participation.
• Completion remains subject to regulatory approvals, including final Canadian Securities Exchange approval; the offering will not result in a change of control.

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: 202610151901NEWSFILECNPR____20261015_319306_1) on October 15, 2026, and is solely responsible for the information contained therein.