---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-006899"
form_type: "8-K"
ticker: "LOOP"
cik: "0001504678"
company_name: "Loop Industries, Inc."
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T21:12:33.744338+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Loop signs Asia JV with SK Geo Centric, reduces net loss, appoints new CFO

## Summary
- Signed JV with SKGC for Asia; SKGC owns 51%, Loop 49%; first plant in Ulsan, South Korea, to break ground in 2023, complete by end 2025.
- Q4 FY2023 net income of $5.42M (vs prior-year loss $14.27M) due to $9.98M land-sale gain; full-year net loss $21.3M vs $44.9M.
- Full-year revenue $0.17M from initial Loop PET resin deliveries; cash and equivalents $29.6M at Feb 28, 2023.
- Appointed Fady Mansour as CFO effective April 17, 2023; he brings 25+ years finance and leadership experience.
- On AG signed LOI to secure Loop PET resin from planned Ulsan facility; Garnier launched 100% upcycled bottle using Loop technology.

## SEC filing metadata
- accession: 0001654954-23-006899
- form_type: 8-K
- ticker: LOOP
- cik: 0001504678
- company_name: Loop Industries, Inc.
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504678/000165495423006899/0001654954-23-006899-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504678/000165495423006899/loop_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-006899
- JSON: https://secwatch.observer/filing/0001654954-23-006899.json
- Plain text: https://secwatch.observer/filing/0001654954-23-006899.txt

## Key facts
- Earnings Releases
  Loop Industries, Inc. reported financial results for fourth quarter of fiscal year ended February 28, 2023.
  - Period: fourth quarter of fiscal year ended February 28, 2023
  - Result: reported results
  source text: On May 18, 2023, Loop Industries, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter of fiscal year ended February 28, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504678/000165495423006899/0001654954-23-006899-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.