Press release
Investigation announced for Investors in shares of Rent the Runway, Inc. (NASDAQ: RENT) over potential Wrongdoing
An investigation on behalf of investors in Rent the Runway, Inc. (NASDAQ: RENT) shares over potential wrongdoing.
Investors who purchased shares of Rent the Runway, Inc. (NASDAQ: RENT) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Rent the Runway officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Brooklyn, NY based Rent the Runway, Inc. rents designer wear for women through its stores and online retail.
Rent the Runway, Inc. conducted its initial public offering ("IPO") in October 2021 and sold 17 million shares at $21 per share.
Rent the Runway, Inc. reported that its Total Revenue rose from $157.5 million for the 12 months period that ended on January 31, 2021, to $203.3 million for the 12 months period that ended on January 31, 2022, and that its Net Loss increased from $171.1 million to $211.8 million over those respective time periods.
Shares of Rent the Runway, Inc. (NASDAQ: RENT) declined to $2.145 per share during September 29, 2022.
Those who purchased shares of Rent the Runway, Inc. (NASDAQ: RENT) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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