home · filing · 0001654954-21-008397
8-K filed August 2, 2021, 7:59 PM ET
ticker LOOP
CIK 0001504678
other material
confidence high
sentiment positive
materiality 0.80
Loop closes $56.5M equity deal with SK global chemical; appoints director, updates Asian JV
Loop Industries, Inc.
Closed private placement of 4,714,813 shares at $12/share plus warrants; gross proceeds $56.5M.
SKGC now holds 10% of Loop common stock; proceeds to fund Infinite Loop facility in Becancour, Quebec.
Asian joint venture plans first facility in Ulsan, South Korea by 2022; minimum 4 facilities by 2030 processing 400K tons of PET waste annually.
Jonghyuk Lee, VP of SKGC Green Business, appointed to Loop Board effective July 29, 2021.
Warrant exercise restricted until Jan 29, 2022 under amendment to Securities Purchase Agreement.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Appointed
Jonghyuk Lee
Director
LOOP ·
Loop Industries, Inc.
Effective 2021-07-29
Filed August 2, 2021, 7:59 PM ET
On July 29, 2021, in connection with Closing, the Board elected Mr. Jonghyuk Lee as a member of the Board.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jonghyuk Lee was elected as Director at Loop Industries, Inc..
Action elected
Role Director
Exact text from the filing
On July 29, 2021, in connection with Closing, the Board elected Mr. Jonghyuk Lee as a member of the Board.
View on SEC.gov
Source: SEC EDGAR
accession 0001654954-21-008397
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.