Loop Industries signs €35M financing deal with Reed Management; to form European JV

Loop Industries, Inc.

Reed to provide €35M: €10M convertible preferred (13% PIK, 5yr) and €25M loan (13% PIK, 3yr) in two tranches.
Loop and Reed agree to form a 50/50 joint venture for European deployment of Infinite Loop™ technology.
Closing conditions: Reed's first fund capital raise and Loop receiving binding government financing commitment.
Company expects closing by end of Q2 fiscal 2025; negotiations with both parties progressing positively.
Partnership supports Loop's strategy: capital-intensive projects in low-cost countries, licensing model in higher-cost regions.

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