CHS US Investments LLC directly holds 19,983,656 Rent the Runway Class A shares, representing 59.2% of the class in an activist 13D position. The investor group agreed to buy all unsubscribed rights-offering shares and is linked to a $10 million incremental term Loan facility, giving investors two defined financing commitments to track.

Key Highlights

  • The reported ownership percentage is calculated against 33,774,121 outstanding Class A shares as of September 4, 2026.
  • Nexus and Story3 are each believed to beneficially own 4,274,394 shares, or 12.7% of the class.
  • The rights-offering purchase price will be the greater of $3.55 and a specified 15-day volume-weighted average price.

CHS US Investments LLC directly holds 19,983,656 shares of Rent the Runway, Inc. (NASDAQ: RENT), representing 59.2% beneficial ownership of the Class A common stock. The position is reported in an activist 13D context, with the percentage calculated against 33,774,121 shares outstanding as of September 4, 2026. The investor group agreed to purchase all unsubscribed Class A shares in a $15 million rights offering. The Third Amendment establishes a $10 million incremental term loan Facility for Rent the Runway.

CHS Holds 59.2% Stake

CHS US Investments is the direct holder of the reported Class A shares. CHS UGP LLC is the general partner of CHS GP LP. CHS UGP is directly and wholly owned by CHS Platform Holdings Pte. Ltd. while the ownership information also identifies CHS US Management LLC among the reporting persons associated with the position.

Rights Offering Backstop Terms

Rent the Runway announced a $15 million rights offering on September 11, 2026. Under the related backstop agreement, the investor group agreed to purchase every Class A share left unsubscribed in the offering, subject to the agreement’s conditions. The purchase price for those shares will be the greater of $3.55 and the Class A stock’s volume-weighted average price over the 15-day trading period ending on and including the record date. The agreement also references the volume-weighted average price for the 15-day period ending on the second trading day before September 11, 2026.