Lime Files for IPO as $1 Billion Debt Forces Public Markets Gamble

Lime filed for a Nasdaq listing on May 8, 2026, with a warning that the electric scooter and bike operator lacks the cash to cover near-term debt obligations. The company carries roughly $1 billion in current liabilities and may not survive without either a successful IPO or a renegotiation of its debt terms. Such candid financial distress is an uncommon disclosure from companies seeking public investors.