Loop Energy (TSE:LPEN) has released an update.
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Loop Energy Inc. is under review by the Toronto Stock Exchange for continued listing eligibility, with a decisive meeting scheduled for September 20, 2024. The company has significantly downsized its workforce to sustain its limited financial resources. Facing capital constraints, Loop Energy warns that without additional funding, it may not be able to maintain operations as a going concern.
For further insights into TSE:LPEN stock, check out TipRanks’ Stock Analysis page.