Rent the Runway entered into a rights offering backstop agreement with CHS US Investments LLC, Gateway Runway, LLC, and S3 RR Aggregator to support a $15 million rights offering. The company will distribute transferable subscription rights to holders of Class A common stock at no cost, allowing them to purchase shares at a subscription price equal to the greater of $3.55 or the 15-day VWAP through the record date. The investor group agreed to purchase any unsubscribed shares at this price, enhancing the company's financial flexibility. This transaction is subject to customary conditions, including SEC effectiveness of a Form S-1 registration statement. Rent the Runway operates in the fashion rental industry, providing access to designer apparel and accessories.

Rent the Runway reported Q2 FY2026 revenue of $97.7 million, up 20.8% year-over-year, with Adjusted EBITDA expanding to $12.6 million from $3.6 million in the prior year period. The company announced a leadership transition effective September 14, 2026: Paige Thomas was appointed CEO and President, succeeding Interim CEO Teri Bariquit, who becomes Chair of the Board; Executive Chairman Dhiren Fonseca steps down. Rent the Runway reaffirmed its FY2026 guidance for double-digit revenue growth and an Adjusted EBITDA margin between 4% and 7%, while updating Rental Product Acquired to $53-55 million. The company operates in the fashion rental and resale industry.

Rent the Runway entered into a Stipulation of Settlement to resolve a putative class action lawsuit filed in November 2022 alleging securities law violations related to its IPO. The company agreed to pay total settlement consideration valued at $9,000,000, comprising $6,000,000 in cash and $3,000,000 in Class A common stock. The cash portion is funded by approximately $3,100,000 from the company and $2,900,000 from insurers. The settlement resolves all claims without admission of liability and requires preliminary and final court approval. Rent the Runway operates in the fashion rental industry, providing access to designer apparel and accessories.

Rent the Runway entered into a Third Amendment to its Amended and Restated Credit Agreement on September 1, 2026. This amendment establishes an incremental term loan facility with an aggregate principal amount of $10,000,000. The proceeds will be utilized for working capital and other general corporate purposes. Rent the Runway operates in the fashion rental industry, providing access to designer apparel and accessories.