---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-009666"
form_type: "8-K"
ticker: "LOOP"
cik: "0001504678"
company_name: "Loop Industries, Inc."
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:21:02.463530+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Loop Industries: Societe Generale to acquire 75% of Reed, securing €35M financing package

## Summary
- Societe Generale agreed to acquire 75% of Reed and provide €250M initial funding (up to €350M), subject to regulatory approval.
- Reed provides €10M convertible preferred security (13% PIK, 5-year, conversion at $4.75/share) and €25M loan (13% PIK, 3-year).
- €35M total financing package through JV partnership with Loop supports European deployment and Loop's India facility equity commitment.
- Loop expects to fulfill remaining closing condition within timeframe of Societe Generale-Reed closing.

## SEC filing metadata
- accession: 0001654954-24-009666
- form_type: 8-K
- ticker: LOOP
- cik: 0001504678
- company_name: Loop Industries, Inc.
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504678/000165495424009666/0001654954-24-009666-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504678/000165495424009666/loop_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-009666
- JSON: https://secwatch.observer/filing/0001654954-24-009666.json
- Plain text: https://secwatch.observer/filing/0001654954-24-009666.txt

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