Rent the Runway announces USD 15 million rights offering backstopped by investor group

PUBT · 2d ago
Rent the Runway announces USD 15 million rights offering backstopped by investor group
  • Rent the Runway entered a backstop agreement for a USD 15 million rights offering of Class A common stock.
  • CHS US Investments, Gateway Runway, S3 RR Aggregator will buy any unsubscribed shares at the subscription price.
  • Subscription price set at the greater of USD 3.55 or a 15-day VWAP through the record date.
  • Any issuance of unsubscribed shares is treated as an unregistered sale of equity securities under Item 3.02.
  • Closing requires an effective SEC registration statement for the rights offering.


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