Rent the Runway launches $15M rights offering
Rent the Runway has launched a $15 million rights offering, allowing current holders to purchase Class A shares at $3.55 each.
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Rent the Runway launches $15 million rights offering at $3.55
Rent the Runway launched a $15 million rights offering for holders of Class A common stock. One right issued per share held at 5:00 p.m. New York time on Sept. 25, 2026. Each right allows purchase of 0 shares of Class A common stock at a subscription price of $3.55. Rights expire at 5:00 p.m. New York time on Oct. 14,
Venture Life Group reports final results and CEO succession
The company reported results for the period ended 31 May 2026 and said CEO Jerry Randall intends to retire from the role. It also highlighted revenue growth, a share buyback programme and recent disposals and acquisitions.
Rent the Runway names Paige Thomas CEO, lifts revenue guidance
Rent the Runway said Paige Thomas will become chief executive officer effective Sept. 14, succeeding interim CEO Terry Barackwit. The company reported second-quarter revenue of $98 million, up 21% from a year earlier, and reaffirmed fiscal 2026 guidance for double-digit revenue growth and adjusted EBITDA of 4% to 7%.