Rent the Runway Ensures Nasdaq Compliance with 1-for-20 Stock Split
Tuesday, 26 March 2024, 20:48
Rent the Runway Implements 1-for-20 Stock Split
The fashion rental company Rent the Runway has approved a 1-for-20 stock split to ensure compliance with Nasdaq listing rules.
Background
About five months prior, Rent the Runway received a Nasdaq notification to regain compliance with the index's listing rules by April 17.
Outcome
The decision to implement the reverse stock split highlights Rent the Runway's dedication to maintaining its Nasdaq listing.
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