Rent the Runway announces $15M rights offering with backstop from existing investors

Rent the Runway, Inc.

Rights offering of $15M to Class A stockholders; subscription price at greater of $3.55 or 15-day VWAP.
Backstop purchasers CHS, Gateway Runway, and S3 RR Aggregator commit to buy all unsubscribed shares.
Offering subject to SEC Form S-1 registration; record date to be set by board at later date.
Proceeds intended to enhance the Company's financial position and financial flexibility.

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