Loop Industries closes EUR 20M preferred stock financing and licensing deal with Reed

Loop Industries, Inc.

Received EUR 20M total: EUR 10M from Series B Convertible Preferred (1,044,430 shares at $10/share) and EUR 10M initial license fee.
Series B pays 13% cumulative annual PIK dividend; convertible to common at $4.75/share after 3 years or automatically at 5 years.
License grants European JV (Infinite Loop Europe SAS) use of depolymerization tech for one facility; further facilities require separate licenses.
Proceeds to be used for general corporate purposes and technology commercialization.
Investors Rights Agreement includes resale registration, standstill, lock-up, and voting arrangements with CEO Solomita.

item 1.01 item 2.03 item 5.03 item 3.02 item 3.03 item 9.01

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.