Rent the Runway, Inc. (RENT) jumped 29.32 percent to $5.80, up $1.32 on Thursday, after announcing a growth recapitalization aimed at strengthening its balance sheet and boosting financial flexibility.
The stock opened at $5.17 and traded between $4.77 and $5.85 on heavy volume of 1.38 million shares, far above the average of 109,000 on the Nasdaq. Rent the Runway's 52-week range is $3.69 to $17.00.
The plan includes a significant reduction in debt, lower interest expenses, and extended debt maturities. APS will convert much of its debt investment into equity, while APS, STORY3, and Nexus will inject new capital to support RTR's growth strategy.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.