secwatch.observer — SEC 8-K summary
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Issuer:     Loop Industries, Inc. (LOOP)
CIK:        0001504678
Form:       8-K
Filed at:   2024-12-18T23:59:59+00:00
Accession:  0001654954-24-015710
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Loop Industries amends share purchase agreement with Reed; €10M convertible preferred, €10M license royalty
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- Sale of convertible preferred stock to Loop Europe for €10M gross proceeds.
- Loop Europe will issue €10M corporate bonds to Reed simultaneously.
- Loop Europe to pay Loop €10M first royalty tranche under license agreement.
- New French JV Loop Europe to be owned 90% by Reed, 10% by Loop.
- Closing expected within seven business days after incorporation of Loop Europe.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504678/000165495424015710/0001654954-24-015710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504678/000165495424015710/loop_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-015710

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