Rent the Runway settles IPO securities class action for $9M; company to pay $3.1M cash plus stock

Rent the Runway, Inc.

Settlement total $9M: $6M cash + $3M Class A shares (company may elect cash for stock).
Company contributes ~$3.1M cash; insurers contribute ~$2.9M; no admission of liability.
Resolves Sections 11, 12(a)(2), 15 Securities Act claims over IPO Offering Documents misstatements.
Settlement subject to preliminary and final approval by Eastern District of New York; no assurance granted.
Shares issued for stock component are unregistered; noted under Item 3.02.

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