Lime Energy News

Another deadline has passed for Lime Energy without a required quarterly financial report, as the Charlotte-area company attempts to correct misreported revenue dating back almost five years.

Lime Energy Co. has missed yet another deadline for making a required financial report, failing to file its 2012 annual earnings by April 1 as required by the Securities and Exchange Commission.

Lime Energy Co. announced that, On March 1, 2013, Lime Energy Co. received a second compliance notice from The NASDAQ Stock Market Market indicating that it has not regained compliance with the minimum bid price requirement of $1.00 as set forth in NASDAQ Marketplace Rule 5550 .

Lime Energy Co. has sold its energy-services company business to PowerSecure International of Wake Forest, N.C., for $5.6 million in cash and assumed liabilities as the Charlotte-area company works to straighten out issues related to misreported revenue that dating back as far as 2008 .