secwatch.observer — SEC 8-K summary
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Issuer:     Loop Industries, Inc. (LOOP)
CIK:        0001504678
Form:       8-K
Filed at:   2024-10-16T23:59:59+00:00
Accession:  0001654954-24-013003
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504678/000165495424013003/0001654954-24-013003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504678/000165495424013003/loop_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-013003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer