CORRECTED - CORRECTED-UPDATE 1-Lime Energy offering priced at discount; shar

(Makes clear that company did not price the offering)

* Says offering priced at $5.50/shr * Price is a 21 pct discount to Monday's close * Stock down as much as 18 percent

Sept 22 (Reuters) - Energy efficiency company Lime Energy (LIME.O) said its public offering of 5 million shares was priced at $5.50 a share, a discount of 21 percent to the stock's Monday's close on Nasdaq.

Shares of the company were down 17 percent at $5.84 in Tuesday morning trade. They touched a low of $5.71 in early trade.

Lime said it expects to receive net proceeds of about $25.45 million and intends to use it to repay debt, for working capital and general corporate purposes.

Wedbush Securities Inc is the book-running lead manager of the offering. (Reporting by Hezron Selvi in Bangalore; Editing by Unnikrishnan Nair)