Rent the Runway, Inc. no longer meets Nasdaq’s $15,000,000 minimum MVPHS requirement and has 180 calendar days, until May 3, 2027, to regain compliance; its Class A Common Stock will continue trading under “RENT” meanwhile.
RENT · Rent the Runway, Inc. · Documents
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Rent the Runway, Inc. completed a $15,000,000 rights offering on October 20, 2026, raising approximately $8.9 million, then issued 1,724,089 shares to the Investor Group on October 21, 2026 for approximately $6.1 million.
Rent the Runway, Inc. reported that its $15,000,000 rights offering subscription period expired at 5:00 p.m., Eastern Time, on October 14, 2026; unexercised rights expired and are no longer exercisable.
Rent the Runway, Inc. launched its $15,000,000 rights offering, with each right allowing purchase of approximately 0.1251 Class A Common Stock shares at $3.55 per share. Rights expire at 5:00 p.m., New York City time, on October 14, 2026, unless extended.
Rent the Runway, Inc. is offering rights to purchase up to 4,225,352 Class A shares at $3.55 each, with CHS US Investments LLC, Gateway Runway, LLC and S3 RR Aggregator, LLC backstopping unsubscribed shares for cash.