---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-21-008397"
form_type: "8-K"
ticker: "LOOP"
cik: "0001504678"
company_name: "Loop Industries, Inc."
filed_at: "2021-08-02T23:59:59+00:00"
generated_at: "2026-06-29T23:53:53.797621+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Loop closes $56.5M equity deal with SK global chemical; appoints director, updates Asian JV

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-21-008397
- form_type: 8-K
- ticker: LOOP
- cik: 0001504678
- company_name: Loop Industries, Inc.
- filed_at: 2021-08-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.03, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504678/000165495421008397/0001654954-21-008397-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504678/000165495421008397/lp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-21-008397
- JSON: https://secwatch.observer/filing/0001654954-21-008397.json
- Plain text: https://secwatch.observer/filing/0001654954-21-008397.txt

## Key facts
- Executive change
  Jonghyuk Lee was elected as Director at Loop Industries, Inc..
  - Action: elected
  - Role: Director
  source text: On July 29, 2021, in connection with Closing, the Board elected Mr. Jonghyuk Lee as a member of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504678/000165495421008397/0001654954-21-008397-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.