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Existential event
Time-sensitive event — see the red-flag panel below for the source-quoted detail.
Red Flags Detected
- Going Concern (new) — Auditor and management disclose substantial doubt about Lime's ability to continue as a going concern due to insufficient liquidity to repay $845.8M of debt due within twelve months.
- Material Weakness (new) — The company discloses an ongoing material weakness in internal control over financial reporting spanning fiscal years 2023, 2024, and 2025.
- Concentration (new) — Revenue from the United Kingdom reached 23.1% of total revenue in Q1 2026, and the Uber partnership contributed 14-16% of revenue, creating geographic and partner concentration risks.
Lime prices IPO at $25/share, raising $167M for company and $6.9M for selling stockholders
Filed July 2, 2026 · ~1 min read
Key Changes
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Lime prices 6,679,791 primary shares at $25.00, raising $167.0M gross for the company; selling stockholders offer 276,731 shares for $6.9M.
The Offering verify on EDGAR → -
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Net proceeds to the company are $141.6M, primarily to repay a $115.0M 10% term loan due September 2026.
Use of Proceeds verify on EDGAR → -
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GAAP net loss was $59.3M in 2025 and $61.3M in Q1 2026, driven by $99.0M Other expense, net from fair-value loss on convertible notes.
Management's Discussion and Analysis 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 · Sep 2, 2026 · How we verify