secwatch.observer — SEC 8-K summary
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Issuer:     Loop Industries, Inc. (LOOP)
CIK:        0001504678
Form:       8-K
Filed at:   2025-01-15T23:59:59+00:00
Accession:  0001654954-25-000389
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Loop closes $20.8M financing/license with Reed Societe Generale; posts Q3 net loss $11.9M on $8.46M impairment
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- Closed financing and tech licensing with Reed Societe Generale Group for total cash proceeds of $20.8M (€20M).
- Issued 1,044,430 Series B Preferred shares at $10/share to Reed Circular Economy; convertible at $4.75/sh, 13% PIK dividend.
- Sold first technology license for €10M upfront; European partnership (90% Reed, 10% Loop) to deploy Infinite Loop tech.
- Terminated JV with SK Geo Centric, resulting in $8.46M impairment charge; SKGC director resigned from board.
- Net loss $11.9M in Q3 vs $4.2M prior year; revenue $52k; cash $323k down from $6.96M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504678/000165495425000389/0001654954-25-000389-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504678/000165495425000389/loop_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-000389

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