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Nasdaq notifies Rent the Runway of failure to meet $15M market value requirement with compliance deadline May 3, 2027
RENTRent the Runway, Inc.
Rent the Runway received a notice from Nasdaq stating it no longer meets the minimum market value of publicly held shares requirement of $15 million for continued listing on The Nasdaq Global Market. The company has an 180-day compliance period ending May 3, 2027, to regain compliance by maintaining a MVPHS at or above $15 million for ten consecutive business days. Failure to comply may result in delisting proceedings, though the company intends to evaluate options including a potential transfer to The Nasdaq Capital Market. Rent the Runway operates in the fashion rental industry, providing access to designer apparel and accessories through subscription and rental services.