---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-015913"
form_type: "8-K"
ticker: "LOOP"
cik: "0001504678"
company_name: "Loop Industries, Inc."
filed_at: "2024-12-26T23:59:59+00:00"
generated_at: "2026-05-28T23:16:53.298389+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-24-015913
- form_type: 8-K
- ticker: LOOP
- cik: 0001504678
- company_name: Loop Industries, Inc.
- filed_at: 2024-12-26T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 5.03, 3.02, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504678/000165495424015913/0001654954-24-015913-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504678/000165495424015913/loop_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-015913
- JSON: https://secwatch.observer/filing/0001654954-24-015913.json
- Plain text: https://secwatch.observer/filing/0001654954-24-015913.txt

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