secwatch.observer — SEC 8-K summary
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Issuer:     Loop Industries, Inc. (LOOP)
CIK:        0001504678
Form:       8-K
Filed at:   2022-08-23T23:59:59+00:00
Accession:  0001654954-22-011710
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Loop subsidiary sells ~10.3M sq ft excess land in Bécancour for CDN $12M
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- Loop Canada agrees to sell 10,333,838 sq ft of excess land to Quebec Inc. for CDN $12.0M.
- Buyer paid CDN $100,000 deposit; balance due at closing; due diligence period expired Aug 17, 2022.
- Loop Canada retains ~6.0M sq ft of additional excess land still available for sale.
- Proceeds from sale will provide cash for Loop's planned Infinite Loop facility construction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504678/000165495422011710/0001654954-22-011710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504678/000165495422011710/loop_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-011710

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