secwatch.observer — SEC 8-K summary
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Issuer:     Loop Industries, Inc. (LOOP)
CIK:        0001504678
Form:       8-K
Filed at:   2022-12-22T23:59:59+00:00
Accession:  0001654954-22-016900
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Loop sells Bécancour land for CDN $18.5M, cuts costs, appoints interim CFO, extends liquidity to ~3 years
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504678/000165495422016900/0001654954-22-016900-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504678/000165495422016900/loop_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-016900

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