Loop Industries Secures Funding for Global Tech Expansion
Company Announcements

Loop Industries Secures Funding for Global Tech Expansion

Loop Industries (LOOP) has shared an announcement.

Loop Industries has struck a deal with Reed Management SAS to accelerate the worldwide commercialization of its Infinite Loop™ technology, with Reed injecting €35 million into Loop. This funding will come via a combination of investment in securities and loans, aimed at supporting the technology’s global and European deployment. The transaction’s completion hinges on certain conditions, including Reed’s successful fundraising and Loop securing governmental financing. This pivotal agreement, which is expected to close by the end of the second fiscal quarter, was announced in a press release and detailed in an investor presentation on Loop’s website. Investors are advised to follow Loop’s various communication channels for potentially material company updates.

For a thorough assessment of LOOP stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskLoop Industries Advances Financing and Expansion Plans
Brian AndersonLOOP Upcoming Earnings Report: What to Expect?
TheFlyLoop Industries initiated with a Speculative Buy at Cormark
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App