On September 21, 2022, Chamiers Global LLC announced that it has sent a letter to Limeade, Inc.'s Board of Directors expressing its view that the Company stock trades at a deep discount to Chamiers Global's assessment of its intrinsic value and recommends that the Board take urgent action including commitment to a financial path based on growth or profitability and improved disclosures over the coming months on customer wins, contracted annual recurring revenue, and management compensation targets may also help restore lost investor confidence. Chamiers Global also expressed that the Company should evaluate its Board stock ownership guidelines because a majority of Directors own zero Company stock.