Loop industries reports second quarter fiscal 2025 results and provides update on financing and commercialization plans

Reed financing expected to be finalized in november 2024 continued progress towards groundbreaking of infinite looptm india manufacturing facility on schedule loop management to hold update call at 8:30 am et on october 16, 2024 montreal, qc / accesswire / october 15, 2024 / loop industries, inc. (nasdaq:loop) (the "company," "loop," "we," "us," or "our"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("pet") plastic and polyester fiber, today reported its consolidated financial results for the second quarter for fiscal year 2025 and provided an update on its financing and commercialization activities. financing update on july 31, 2024, reed management sas ("reed") and societe generale announced that societe generale has agreed to acquire 75% of reed and provide funding for reed initially amounting to €250 million, which can be further increased to €350 million.
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