News Summary

• Uber-backed electric bike and scooter rental startup Lime filed for an initial public offering.
• Lime has about $1 billion in current liabilities, and about $675.8 million of that is due by the end of 2026.
• Lime states it plainly in the S-1: If it can’t go public and raise the necessary capital, or change its debt agreements, it may not be able to continue operating as a business.
• Uber recently raised its investment in Lucid to $500 million and pushed the vehicle order to 35,000.