Loop Industries announced the successful closing of its strategic financing and technology licensing transactions with Reed Societe Generale Group. This closing is based on the terms and conditions previously disclosed by the company on December 12, 2024.
The transaction resulted in total cash proceeds of $20.8 million (€20 million) for Loop Industries. This capital infusion is expected to support the company's ongoing strategic development and global commercialization efforts.
The completion of this deal with a European investment firm, majority-owned by Societe Generale, underscores the progress in Loop's asset-light expansion strategy in Europe. It provides a foundation for developing Infinite Loop™ manufacturing facilities in the region.
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