Lime Energy completes June 2006 PIPE Transaction

Lime Energy Co. raised capital through a private investment in public equity (PIPE) transaction in June 2006. The transaction triggered anti-dilution provisions in existing convertible securities.

“$950,865 charge stemming from the anti-dilution provision in the convertible line of credit which required the Company to adjust the conversion price of the line of credit to the price at which the Company issued shares of its common stock to investors in the June 2006 PIPE Transaction;”

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