Loop Industries Q2 net loss $4.8M; Reed financing expected Nov 2024; India site selected

Loop Industries, Inc.

Net loss of $4.84M ($0.10/share) for Q2 FY2025, essentially flat vs $4.75M loss a year ago.
Revenue fell to $23K from $54K; reflects initial PET resin deliveries from Terrebonne facility.
Reed financing expected to close Nov 2024; initial €10M convertible preferred (13% PIK, 5-year term).
Cash dropped to $1.4M from $7.0M; CEO & director committed $2M bridge if needed.
India JV selected Gujarat province for Infinite Loop facility; will use textile waste feedstock.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.