---
schema_version: "secwatch.filing_event.v1"
accession: "0001468327-24-000100"
form_type: "8-K"
ticker: "RENT"
cik: "0001468327"
company_name: "Rent the Runway, Inc."
filed_at: "2024-04-02T23:59:59+00:00"
generated_at: "2026-06-04T03:28:16.423435+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rent the Runway receives Nasdaq MVLS deficiency notice; implements 1-for-20 reverse stock split

## Summary
- Received Nasdaq deficiency notice on March 27, 2024 for MVLS below $35M minimum; 180-day cure period until Sept 23, 2024.
- Previous bid price non-compliance from Oct 2023 remains uncured; reverse split of 1-for-20 aims to address that.
- Board approved 1-for-20 reverse stock split effective April 2, 2024; every 20 shares consolidated into 1.
- Company may face delisting if not compliant by Sept 23, 2024; can appeal but no assurance of success.

## SEC filing metadata
- accession: 0001468327-24-000100
- form_type: 8-K
- ticker: RENT
- cik: 0001468327
- company_name: Rent the Runway, Inc.
- filed_at: 2024-04-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468327/000146832724000100/0001468327-24-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468327/000146832724000100/wdq-20240327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001468327-24-000100
- JSON: https://secwatch.observer/filing/0001468327-24-000100.json
- Plain text: https://secwatch.observer/filing/0001468327-24-000100.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468327/000146832724000100/0001468327-24-000100-index.htm
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468327/000146832724000100/0001468327-24-000100-index.htm

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