Rent the Runway entered into an at-the-market sales agreement with BTIG to offer up to $40 million of Class A common stock through an effective S-3 shelf registration.
Key takeaways
Entered ATM agreement with BTIG on April 15, 2026, for up to $40M aggregate offering price of Class A common stock.
Sales via at-the-market methods under Rule 415(a)(4), agent commission up to 3.0% of gross sales price.
Limited to $9,964,551 in any 12-month period under General Instruction I.B.6 of Form S-3 due to non-affiliate market value below $75M.
Pursuant to S-3 Registration No. 333-279757 filed May 28, 2024; prospectus supplement filed April 15, 2025.
Opinion of Davis Polk & Wardwell LLP confirms shares will be validly issued, fully paid, non-assessable.