---
schema_version: "secwatch.filing_event.v1"
accession: "0001468327-23-000292"
form_type: "8-K"
ticker: "RENT"
cik: "0001468327"
company_name: "Rent the Runway, Inc."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:26:11.698829+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Rent the Runway receives Nasdaq non-compliance notice for bid price below $1.00

## Summary
- 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.

## SEC filing metadata
- accession: 0001468327-23-000292
- form_type: 8-K
- ticker: RENT
- cik: 0001468327
- company_name: Rent the Runway, Inc.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468327/000146832723000292/0001468327-23-000292-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468327/000146832723000292/wdq-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001468327-23-000292
- JSON: https://secwatch.observer/filing/0001468327-23-000292.json
- Plain text: https://secwatch.observer/filing/0001468327-23-000292.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468327/000146832723000292/0001468327-23-000292-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.