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Get filing alertsRed Flags Detected
- Going Concern (worsened) — Cash declined to $261.3M while near-term debt payments rose to $845.8M, and the company states it does not currently have sufficient liquidity to repay them.
- Material Weakness (new) — The company continues to disclose an ongoing material weakness remediation effort for fiscal years 2023, 2024, and 2025.
Lime's S-1/A sets $25 IPO price, $141.6M net proceeds, but going-concern risk worsens
Filed June 22, 2026 · Compared to S-1 May 8, 2026 · ~1 min read
Key Changes
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high
IPO priced at $25.00/share, raising $141.6M net (or $165.8M with full underwriter option); $115M will repay the Senior Secured Term Loan.
Use of Proceeds verify on EDGAR → -
high
Going-concern risk worsens: cash fell to $261.3M while near-term debt payments rose to $845.8M, and the company lacks sufficient liquidity to repay them.
Risk Factors verify on EDGAR → -
high
New $200M revolving credit facility planned upon IPO completion, secured by substantially all assets and with restrictive covenants.
MD&A: Liquidity verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 30, 2026 · How we verify