Financing ·
Rent the Runway raises $15M via rights offering and backstop purchase of Class A shares
RENTRent the Runway, Inc.
Rent the Runway completed its previously announced $15 million rights offering on October 20, 2026. Initial subscribers exercised rights to purchase 2,501,262 shares for approximately $8.9 million in gross proceeds. Subsequently, on October 21, 2026, the company issued an additional 1,724,089 shares to its Investor Group (CHS US Investments LLC, Gateway Runway, LLC, and S3 RR Aggregator, LLC) under a backstop commitment at $3.55 per share, generating approximately $6.1 million in gross proceeds. The offering was conducted pursuant to Section 4(a)(2) of the Securities Act. Rent the Runway operates in the fashion rental industry, providing access to designer apparel and accessories through subscription services.