secwatch.observer — SEC 8-K summary
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Issuer:     Loop Industries, Inc. (LOOP)
CIK:        0001504678
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001654954-23-006899
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504678/000165495423006899/0001654954-23-006899-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504678/000165495423006899/loop_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-006899

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