Rent the Runway gets Nasdaq notice on $15M minimum market value; 180 days to May 3, 2027

Rent the Runway, Inc.

• Nasdaq notified Rent the Runway on Nov 4, 2026 that its market value of publicly held shares fell below the $15M minimum for 39 straight business days (Sept 10-Nov 3, 2026).
• Class A Common Stock continues to trade on the Nasdaq Global Market under "RENT"; the notice has no immediate effect on listing or trading.
• Company has until May 3, 2027 to regain compliance, needing MVPHS of at least $15,000,000 for a minimum of 10 consecutive business days.
• Rent the Runway says it may apply to transfer its listing to the Nasdaq Capital Market, subject to Nasdaq approval, and will monitor MVPHS through the Compliance Date.
• If compliance is not regained by May 3, 2027, Nasdaq will issue a delisting notification; the company could then appeal to a Nasdaq Hearings Panel.