[Bug 1970402] [NEW] Initrd out of memory error after upgrade to 22.04

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After upgrading to 22.04 system is unbootable because of "out of memory" error when loading initial ramdisk. I was able to fix it by editing cat /etc/initramfs-tools/initramfs.conf
and changing configuration to:
MODULES=dep
COMPRESS=xz
RUNSIZE=15%

Not sure which one helped, but I can test it if needed.

System information:
Description:    Ubuntu 22.04 LTS
Release:        22.04

initramfs-tools:
  Installed: 0.140ubuntu13
  Candidate: 0.140ubuntu13
  Version table:
 *** 0.140ubuntu13 500
        500 http://pl.archive.ubuntu.com/ubuntu jammy/main amd64 Packages
        500 http://pl.archive.ubuntu.com/ubuntu jammy/main i386 Packages
        100 /var/lib/dpkg/status

** Affects: initramfs-tools (Ubuntu)
     Importance: Undecided
         Status: New


** Tags: boot bot-comment
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Initrd out of memory error after upgrade to 22.04
https://bugs.launchpad.net/bugs/1970402
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