secwatch.observer — SEC 8-K summary
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Issuer:     Loop Industries, Inc. (LOOP)
CIK:        0001504678
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001654954-23-005554
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Loop Industries and SK Geo Centric form JV to deploy depolymerization tech in Asia
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- SKGC owns 51%, Loop 49% of venture headquartered in Singapore.
- First plant in Ulsan, S. Korea: 70k metric tons/yr capacity, groundbreaking 2023, completion by end 2025.
- Venture gets exclusive rights to Loop's technology in Asia for prescribed period; Loop receives annual royalty per plant.
- Plans target at least three additional commercial facilities in Asia by 2030.
- SKGC gets right of first refusal for any Loop manufacturing facilities in US/Canada during exclusivity period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504678/000165495423005554/0001654954-23-005554-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504678/000165495423005554/loop_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-005554

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