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Rent the Runway gets $15M share-value Nasdaq warning

RENT’s Class A shares remain listed while it has until May 3, 2027, to meet Nasdaq’s $15 million publicly held share-value requirement.

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Form Type
8-K

Rhea-AI Filing Summary

Rent the Runway, Inc. received a Nasdaq notice stating that its market value of publicly held shares (MVPHS) did not meet the $15,000,000 minimum for continued listing on the Nasdaq Global Market, based on the 39 consecutive business days from September 10, 2026, through November 3, 2026. The notice has no immediate effect on the Class A Common Stock listing or trading, and the shares continue to trade on Nasdaq under RENT.

The company has until May 3, 2027, a 180-calendar-day compliance period, to regain compliance. If it does not, Nasdaq will notify the company that its securities are subject to delisting, and Nasdaq rules permit an appeal to a Hearings Panel. The company is evaluating options, including applying to transfer its listing to The Nasdaq Capital Market, subject to Nasdaq’s approval.

Filing Explained

The filing specifies the route back to compliance: before May 3, 2027, Nasdaq will confirm compliance if the company’s publicly held share value closes at or above $15,000,000 for at least 10 consecutive business days.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities
The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.
Minimum market value of publicly held shares $15,000,000 Nasdaq Global Market continued-listing requirement
Review period 39 consecutive business days September 10, 2026, through November 3, 2026
Compliance period 180 calendar days Deadline is May 3, 2027
Compliance closing period 10 consecutive business days MVPHS must close at or above $15,000,000
market value of publicly held shares financial
"minimum MVPHS requirement of $15,000,000"
The market value of publicly held shares is the total dollar worth of a company’s shares that are available to outside investors, calculated by multiplying the current market price by the number of shares held by the public (the “float”). It matters because it tells investors how much of the company is actually tradable and how the market is pricing that tradable portion—like a price tag on the items on a store shelf, it affects liquidity, volatility and how easy it is to buy or sell a meaningful stake.
compliance period regulatory
"provided a compliance period of 180 calendar days"
A compliance period is a defined stretch of time during which a company must meet specific legal, regulatory, or contractual rules and reporting requirements. Think of it like a scheduled inspection window or a homework deadline: failing to satisfy the rules within that window can trigger fines, restrictions, or extra oversight, so investors watch compliance periods as signals of near-term legal risk, potential costs, and impacts on a company’s operations or cash flow.
Nasdaq Hearings Panel regulatory
"appeal the delisting determination to a Nasdaq Hearings Panel"
A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did RENT receive a Nasdaq deficiency notice?

Nasdaq informed Rent the Runway that its market value of publicly held shares did not meet the $15,000,000 minimum for continued listing on the Nasdaq Global Market. Nasdaq based its review on the 39 consecutive business days from September 10, 2026, to November 3, 2026.

What is RENT’s deadline to regain Nasdaq compliance?

Rent the Runway has until May 3, 2027 to regain compliance with the minimum market value of publicly held shares requirement. Nasdaq rules provide a 180-calendar-day compliance period.

How can RENT regain Nasdaq’s publicly held share-value requirement?

Nasdaq will confirm compliance if, before May 3, 2027, Rent the Runway’s market value of publicly held shares closes at or above $15,000,000 for at least ten consecutive business days. The company is also evaluating options, including applying to transfer its listing to The Nasdaq Capital Market, subject to Nasdaq’s approval.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________________

 

FORM 8-K

____________________________

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 4, 2026

____________________________

 

Rent the Runway, Inc.

(Exact name of registrant as specified in its charter)

____________________________

 

Delaware 001-40958 80-0376379
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

 

Rent the Runway, Inc.

10 Jay Street

Brooklyn, New York 11201

(Address of principal executive offices, including zip code)

 

(212) 524-6860

(Registrant’s telephone number, including area code)

____________________________

  

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

 

Title of each class   Trading Symbol   Name of each exchange on which registered
Class A Common Stock, $0.001 par value per share   RENT   NASDAQ

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

Item 3.01Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On November 4, 2026, Rent the Runway, Inc. (the “Company”) received a letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”). The Notice informed the Company that, based on Nasdaq’s review of the Company’s market value of publicly held shares (“MVPHS”) for the last 39 consecutive business days from September 10, 2026 to November 3, 2026, the Company no longer meets the minimum MVPHS requirement of $15,000,000 for continued listing on The Nasdaq Global Market (the “Global Market”) under Nasdaq Listing Rules 5450(b)(2)(C) and (b)(3)(C) (the “MVPHS Requirement”). The Notice has no immediate effect on the listing or trading of the Company’s Class A Common Stock, par value $0.001 per share (the “Class A Common Stock”) on the Global Market, and the Class A Common Stock will continue to trade on Nasdaq under the symbol “RENT.”

 

In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Company has been provided a compliance period of 180 calendar days, or until May 3, 2027 (the “Compliance Date”), to regain compliance with the MVPHS Requirement. If, at any time before the Compliance Date, the Company’s MVPHS closes at or above $15,000,000 for a minimum of ten consecutive business days, the Staff will provide the Company with written confirmation of compliance. If the Company does not regain compliance with the MVPHS Requirement by the Compliance Date, Nasdaq will provide written notification that its securities will be subject to delisting. In the event of such notification, the Nasdaq rules permit the Company an opportunity to appeal the delisting determination to a Nasdaq Hearings Panel.

 

The Company intends to actively monitor its MVPHS through the Compliance Date, and will evaluate available options to resolve the deficiency and regain compliance with the MVPHS Requirement, including, if appropriate, applying to transfer the listing of its Class A Common Stock to The Nasdaq Capital Market, subject to Nasdaq’s approval. There can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq’s continued listing requirements.

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

  RENT THE RUNWAY, INC.
   
   
  By: /s/ Cara Schembri
    Name: Cara Schembri
    Title: Chief Legal & Administrative Officer

 

 

Dated: November 10, 2026

 

 

Filing Exhibits & Attachments

3 documents

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