Rent the Runway, Inc.
For the period ended Apr 30, 2025. Filed Jun 6, 2025.
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Apr 30, 2025 · Filed Jun 6, 2025
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15. Subsequent Events
- Subsequent Events
In May 2025, the Company agreed to settle a pre-litigation dispute that existed as of April 30, 2025. The settlement agreement is in the process of being finalized. The full amount of the settlement is expected to be paid directly by the Company’s insurance carriers, subject to an immaterial standard deductible. In accordance with ASC 855, Subsequent Events, the anticipated settlement amount and related insurance proceeds have been recognized in the Company’s financial statements for the quarter ended April 30, 2025. The overall impact of the settlement is not material to the Company’s financial statements.
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