secwatch.observer — SEC 8-K summary
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Issuer:     Loop Industries, Inc. (LOOP)
CIK:        0001504678
Form:       8-K
Filed at:   2021-08-02T23:59:59+00:00
Accession:  0001654954-21-008397
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504678/000165495421008397/0001654954-21-008397-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504678/000165495421008397/lp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-21-008397

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer