Loop Industries finalizes European JV agreement with Reed Circular Economy (RCE)

Loop Industries, Inc.

JV Infinite Loop Europe SAS owned 90% RCE / 10% Loop; Board has 4 directors, Loop nominates one.
RCE provides €10M shareholder loan to JV at 11.9% PIK interest, matures Dec 27, 2027.
Loop retains IP ownership; JV gets limited-use rights to develop chemical upcycling plants in Europe.
Loop can acquire up to 50% of project equity when a binding funding commitment is secured.
Loop must present a minimum number of projects to JV within three years.

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