Rent the Runway will give Class A stockholders transferable subscription rights at no charge, allowing purchases of up to 4,225,352 shares in its $15,000,000 rights offering. Eligibility is tied to the September 25 record date, while the subscription price will be at least $3.55 per share, defining the participation terms for investors.

Key Highlights

  • Class A stockholders must be recorded by the close of Business on September 25, 2026, to receive the rights.
  • The subscription price will be the greater of $3.55 or a specified 15-day volume-weighted average price.
  • Further rights-offering terms will be provided in a prospectus when the offering launches.

Rent the Runway, Inc. (NASDAQ: RENT) intends to distribute free, transferable subscription rights to holders of its Class A common stock as of the September 25, 2026, Record Date to purchase up to 4,225,352 shares. The rights offering has a previously announced size of $15,000,000.

September 25 Record Date Sets Eligibility

Eligibility will be determined at the close of business on September 25, 2026. Rent the Runway will provide the rights without charge to holders of Class A common stock recorded at that time. The rights will be transferable. Class A common stock carries a Par Value of $0.001 per share. The arrangement covers purchases of up to an aggregate of 4,225,352 Class A shares.

The offering’s additional terms will appear in a prospectus when Rent the Runway launches the rights offering.