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.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.