Rent the Runway Establishes $40M At-the-Market Equity Offering

Rent the Runway, Inc. has entered into an At-the-Market Sales Agreement with BTIG, LLC, allowing the company to sell up to $40,000,000 of its Class A common stock. Sales will be made through BTIG, LLC, acting as agent, with a commission rate of up to 3.0% of the gross sales price. The offering is pursuant to an effective shelf registration statement and is subject to a limitation of one-third of the aggregate market value of common stock held by non-affiliates, or $9,964,551, if the non-affiliate market value is below $75,000,000.