Loop industries reports third quarter fiscal 2024 results and provides updates on business developments

Loop announces mou for us$66 million of non-dilutive financing from reed management as part of a joint venture for european infinite looptm technology roll-out loop management to hold update call at 8:30 am et on january 17, 2024 montreal, qc / accesswire / january 16, 2024 / loop industries, inc. (nasdaq:loop) (the "company" or "loop"), 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 third quarter for fiscal year 2024 and provided an update on current developments in the business. strategic partnership and non-dilutive financing on january 16th, 2024 loop announced that the company signed a non-binding memorandum of understanding ("mou") with reed management ("reed"), a european investment firm focused on high impact and technology-enabled infrastructure, for us$66 million in non-dilutive financing as part of a joint venture (the "jv") to roll-out loop's technology in the european market.
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