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Loop Industries Reports Third Quarter Fiscal 2025 Results and Provides Update on Business Developments

1. Loop Industries secured $20.8 million from Reed Societe Generale for technology licensing. 2. Update call scheduled for January 15, 2025, highlights progress on manufacturing facility.

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$1.1901/14 05:43 PM EDTEvent Start
$1.0601/15 11:50 PM EDTLatest Updated
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FAQ

Why Bullish?

The secured financing may enhance LOOP’s liquidity and growth potential. Similar past funding announcements have positively influenced LOOP’s stock price.

How important is it?

The article details significant funding and operational updates impacting LOOP's future prospects.

Why Short Term?

The financing will likely lead to immediate operational improvements. Historical trends show such deals boost investor confidence quickly.

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SGPET
Reed societe generale group financing and sale of first technology license closed in December 2024 Continued progress on Infinite Loop™ India manufacturing facility Loop management to hold update call at 8:30 AM ET on January 15, 2025 MONTREAL, QC / ACCESSWIRE / January 14, 2025 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company," "Loop," "we," "us," or "our"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and textile-to-textile ("T2T") polyester fiber, today reported its consolidated financial results for the third quarter for fiscal year 2025 and provided an update on business developments. Transactions with Reed Societe General Group On December 23, 2024, Loop closed its financing and technology licensing transactions for total cash proceeds of $20.8 million (€20 million) with Reed Societe Generale Group, a European investment firm majority-owned by Societe Generale.

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