Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.99
Rent the Runway, Inc. received a nasdaq noncompliance notice notice regarding market value (rules 5550(b)(2)).
- Exchange
- nasdaq
- Notice
- noncompliance notice
- Deficiency
- market value
- Rules
- 5550(b)(2)
Exact text from the filing
March 27, 2024, Rent the Runway, Inc. (the “Company”) received written notice (the “Notice”) from The Nasdaq Stock Market, LLC (“Nasdaq”) notifying the Company that the Company is no longer in compliance with the minimum Market Value of Listed Securities (“MVLS”) of $35,000,000 required for continued listing on The Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5550(b)(2) (the “Minimum MVLS Requirement”). The Notice has no effect at this time on the listing of the Company’s Class A common stock, par value $0.001 per share, which continues to trade on The Nasdaq Capital Market under
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Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Rent the Runway, Inc.: 公司提交了修订证书以实施1-for-20的反向股票分割，该分割于2024年4月2日下午5点生效。 (effective 2024-04-02).
- Change
- charter amendment
- Effective
- 2024-04-02
Exact text from the filing
On April 2, 2024, the Company filed a Certificate of Amendment to the Restated Certificate (the “Amendment”) to effect the Reverse Stock Split with the Secretary of State of the State of Delaware. The Amendment did not affect the number of authorized shares of the Company’s common stock or the par value of the Company’s common stock. The Reverse Stock Split became effective at 5:00 p.m., Eastern Time, on April 2, 2024, at which time every 20 shares of issued and outstanding Class A common stock or Class B common stock were automatically reclassified into one new share of Class A or Class B common stock, respectively.
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