---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-000642"
form_type: "8-K"
ticker: "LOOP"
cik: "0001504678"
company_name: "Loop Industries, Inc."
filed_at: "2024-01-17T23:59:59+00:00"
generated_at: "2026-06-06T22:32:50.018300+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Loop Industries secures $66M non-dilutive Reed financing; Q3 net loss $4.2M

## Summary
- MOU with Reed for €60M ($66M) non-dilutive capital: $33M to Loop, $33M to 50/50 JV for European Infinite Loop rollout.
- Q3 FY2024 net loss $4.2M vs $1.0M prior year (prior-year included $6.7M land-sale gain); revenue $26K; expenses down $2.75M.
- Loop PET resin meets USP and European Pharmacopeia standards, enabling use in pharmaceutical packaging.
- MOU expected to close by end of March 2024, subject to due diligence; construction of Ulsan ARC planned 2024-2026.

## SEC filing metadata
- accession: 0001654954-24-000642
- form_type: 8-K
- ticker: LOOP
- cik: 0001504678
- company_name: Loop Industries, Inc.
- filed_at: 2024-01-17T23:59:59+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/1504678/000165495424000642/0001654954-24-000642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504678/000165495424000642/loop_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-000642
- JSON: https://secwatch.observer/filing/0001654954-24-000642.json
- Plain text: https://secwatch.observer/filing/0001654954-24-000642.txt

## Key facts
- Earnings Releases
  Loop Industries, Inc. reported financial results for the third quarter for fiscal year 2024.
  - Period: the third quarter for fiscal year 2024
  - Result: reported results
  source text: On January 16, 2024, Loop Industries, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter of fiscal year ending February 29, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504678/000165495424000642/0001654954-24-000642-index.htm

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