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

1. Loop secured $20.8 million in financing from Reed Societe Generale. 2. The Infinite Loop™ India facility is progressing, with updates set for January 15, 2025.

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Why Bullish?

The financing may enhance Loop's operational capabilities, positively affecting stock performance. Previous funding rounds have led to price increases due to improved growth prospects.

How important is it?

The article discusses significant financing and operational updates, directly influencing LOOP's outlook. Updates on business developments are crucial for investor confidence and future growth.

Why Short Term?

Investors may respond quickly to financing news and production updates. Similar past news often led to immediate market reactions.

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REEDSG
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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