Rent the Runway, Inc. (RENT): Nasdaq/NYSE listing notice — Rent the Runway receives Nasdaq non-compliance notice for bid price below $1.00

Rent the Runway, Inc.

On Oct 20, 2023, Nasdaq notified Rent the Runway that its bid price closed below $1.00 for 30 consecutive business days.
Company has 180 days (until April 17, 2024) to regain compliance by closing at $1.00+ for 10 consecutive business days.
If not compliant by April 17, 2024, company may qualify for an additional 180-day compliance period if it meets other listing standards.
Company intends to monitor bid price and consider options including reverse stock split to cure the deficiency.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Rent the Runway, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

October 20, 2023, Rent the Runway, Inc. (the “ Company ” ) received a letter (the “ Nasdaq Staff Deficiency Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, for the last thirty consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days, or until April 17, 2024, to regain compliance. The letter st

View on SEC.gov

50 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Rent the Runway, Inc. filing history →

Source: SEC EDGAR

accession 0001468327-23-000292

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.