Loop Industries (LOOP) Registration Filing summary

Company overview and business model

• Operates as a technology company focused on sustainable PET plastic and polyester fiber, using proprietary depolymerization technology to recycle low-value and waste plastics into virgin-quality resin for packaging and textiles.

• Expanding product portfolio to include specialty chemicals and polymers, targeting industries such as electronics, automotive, textile, cosmetics, and packaging.

• Pursuing construction of commercial-scale facilities and engaged in financing discussions for these projects.

• Strategic partnership and joint venture with SK geo centric Co., Ltd. to commercialize technology in Asia, with Loop holding a 49% stake in the JV headquartered in Singapore.

Financial performance and metrics

• Raised $56.5 million in July 2021 through a private placement with SK geo centric Co., Ltd., including common stock and warrants.

• As of August 1, 2024, 47,620,263 shares of common stock are outstanding.

Use of proceeds and capital allocation

• Will not receive any proceeds from the resale of shares by the selling stockholder; all proceeds go to the selling stockholder.

• Will bear all costs, fees, and expenses related to the registration of shares, including legal and accounting fees.