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Loop Industries ( (LOOP) ) has shared an update.
On January 4, 2026, Loop Industries’ board appointed veteran investment banker Spencer Hart as chief financial officer and principal financial and accounting officer, effective January 15, 2026, while he continues to serve as a director. Hart, who joined the board in February 2025 and previously held senior roles at Guggenheim Securities, will receive a $200,000 base salary, a performance-based annual cash bonus opportunity, and one million stock options vesting over four years or accelerating upon the Infinite Loop India plant achieving a key PET resin production milestone, aligning his incentives with the company’s operational objectives. His employment agreement provides for severance, including salary continuation, prorated bonus, and full option vesting if terminated without cause, and imposes confidentiality, non-compete, non-solicitation, and non-disparagement obligations during and after employment. The company, which qualifies as a “controlled company” under Nasdaq rules, acknowledged that Hart’s move into an executive role means he will no longer be an independent director and the board will no longer have a majority of independent directors, but emphasized the need for continuity and experienced financial leadership; in response, Hart resigned from all board committees, and independent directors Louise Sams, Laurence Sellyn, and Jay Stubina are slated to take over his audit, compensation, and nominating and governance committee roles, respectively.
The most recent analyst rating on (LOOP) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Loop Industries stock, see the LOOP Stock Forecast page.
Spark’s Take on LOOP Stock
According to Spark, TipRanks’ AI Analyst, LOOP is a Neutral.
Loop Industries faces significant financial challenges, with negative equity and profitability issues being the most critical factors. However, recent corporate agreements offer potential for future growth. Technical indicators suggest bearish momentum, and valuation metrics highlight ongoing financial struggles.
To see Spark’s full report on LOOP stock, click here.
More about Loop Industries
Loop Industries, Inc. operates in the plastics and recycling sector, focusing on technologies and facilities that produce PET resin, including its Infinite Loop India plant, which targets commercial-scale production meeting customer specifications.
Average Trading Volume: 189,514
Technical Sentiment Signal: Sell
Current Market Cap: $53.81M
Learn more about LOOP stock on TipRanks’ Stock Analysis page.