Lime Files for IPO With Going-Concern Warning Over $1 Billion Debt Load

Lime filed for Nasdaq listing on May 8, 2026, with an explicit warning that it lacks sufficient liquidity to meet near-term debt obligations and may be unable to continue operating unless the IPO succeeds or debt terms are renegotiated. The electric scooter and bike operator carries approximately $1 billion in current liabilities, making the public offering a financial necessity rather than a growth capital raise. This represents an unusually stark disclosure for a company seeking public markets.