{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-22-016900","form_type":"8-K","ticker":"LOOP","cik":"0001504678","company_name":"Loop Industries, Inc.","filed_at":"2022-12-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.900350+00:00","generated_at":"2026-06-21T00:01:04.336238+00:00","sec_items":["1.01","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Loop sells Bécancour land for CDN $18.5M, cuts costs, appoints interim CFO, extends liquidity to ~3 years","bullets":["Sale of remaining Bécancour land for CDN $18.5M (US $13.9M); expected close by Feb 24, 2023.","CFO Drew Hickey departs Dec 30, 2022; Nicolas Lafond appointed Interim CFO.","Terrebonne production curtailed; technology proven at scale; focus shifts to SKGC joint ventures.","Projected cash at Feb 28, 2023: ~$33.1M; annual burn ~$12.5M; provides ~3 years of liquidity.","Asia/Europe JV projects prioritized; first Korean facility planned to break ground in 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-22-016900","json":"https://secwatch.observer/filing/0001654954-22-016900.json","markdown":"https://secwatch.observer/filing/0001654954-22-016900.md","text":"https://secwatch.observer/filing/0001654954-22-016900.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1504678/000165495422016900/0001654954-22-016900-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1504678/000165495422016900/loop_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T00:01:04.336238+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8760529cdb","claim":"Nicolas Lafond was appointed as Interim Chief Financial Officer at Loop Industries, Inc..","evidence_excerpt":"On December 21, 2022 the Board of Directors (the “Board”) of the Company appointed Nicolas Lafond as Interim Chief Financial Officer of the Company, effective December 30, 2022, to serve while the Company evaluates its longer-term needs for this role as it pursues the next stage of its strategic development.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1504678/000165495422016900/0001654954-22-016900-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"dcaf537d46","claim":"Drew Hickey departed as Chief Financial Officer at Loop Industries, Inc..","evidence_excerpt":"On December 22, 2022, the Company announced that, effective December 30, 2022, Drew Hickey will leave the Company to pursue other opportunities.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1504678/000165495422016900/0001654954-22-016900-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"will leave"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"8bd7ba62e4dc2d7822ecff27a375622214407204","claim":"Loop Industries, Inc. entered into Land Sale Agreement with unknown valued at CDN $18.5 million (effective 2022-12-22).","evidence_excerpt":"Item 1.01. Entry into a Material Definitive Agreement. On December 22, 2022, Loop Canada Inc. (“Loop Canada”), a wholly-owned subsidiary of Loop Industries, Inc. (the “Company”), entered into an agreement (the “Agreement”) for the sale of the entirety of the remaining land owned by Loop Canada in Bécancour, Québec. As previously disclosed, Loop Canada acquired approximately 19.9 million square feet of land in Bécancour, Québec in May 2021. As previously disclosed, on June 15, 2022, Loop Canada entered into an agreement for the sale of approximately 10.3 million square feet of the land owned by Loop Canada in Bécancour, Québec, which closed on September 15, 2022. Pursuant to the Agreement, Loop Canada agreed to sell its remaining land located at 7000, boulevard Raoul-Duchesne, Bécancour (Qc) G9H 4X6 consisting of approximately 9.6 million square feet for a purchase price of CDN $18.5 million. The purchase price will be paid on the closing date of the purchase. The cost of the deed of s","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1504678/000165495422016900/0001654954-22-016900-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Value","value":"CDN $18.5 million"},{"label":"Effective","value":"2022-12-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}