On March 27, 2026, Avis Budget Group, Inc. announced that it has entered into an Equity Distribution Agreement with several financial institutions, including BofA Securities, Inc. and J.P. Morgan Securities LLC, allowing the company to sell up to 5 million shares of its common stock. The shares will be sold through 'at-the-market' offerings, which means they can be sold directly on the Nasdaq Global Select Market or through other market makers at prevailing market prices. The company will pay commissions to the sales agents, not exceeding 2% of the gross sales price per share. The net proceeds from the sale of these shares are expected to be used for general corporate purposes. This move is seen as a strategic effort to enhance liquidity and support the company's operational needs. The agreement includes customary representations and warranties, as well as indemnification provisions between the company and the sales agents. The company has filed a registration statement with the SEC in connection with this offering, ensuring compliance with regulatory requirements.

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