<SEC-DOCUMENT>0001654954-21-007143.txt : 20210623
<SEC-HEADER>0001654954-21-007143.hdr.sgml : 20210623
<ACCEPTANCE-DATETIME>20210623060141
ACCESSION NUMBER:		0001654954-21-007143
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210618
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210623
DATE AS OF CHANGE:		20210623

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Loop Industries, Inc.
		CENTRAL INDEX KEY:			0001504678
		STANDARD INDUSTRIAL CLASSIFICATION:	CHEMICALS & ALLIED PRODUCTS [2800]
		IRS NUMBER:				272094706
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38301
		FILM NUMBER:		211037135

	BUSINESS ADDRESS:	
		STREET 1:		480 FERNAND POITRAS
		CITY:			TERREBONNE
		STATE:			A8
		ZIP:			J6Y 1Y4
		BUSINESS PHONE:		781-821-6600

	MAIL ADDRESS:	
		STREET 1:		480 FERNAND POITRAS
		CITY:			TERREBONNE
		STATE:			A8
		ZIP:			J6Y 1Y4

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST AMERICAN GROUP INC.
		DATE OF NAME CHANGE:	20101101
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
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<DESCRIPTION>FORM 8-K
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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Washington, D.C. 20549</font></div>
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FORM 8-K</font></div>
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CURRENT REPORT</font></div>
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Pursuant to Section 13 or 15(d) of</font></div>
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The Securities Exchange Act of 1934</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Date of
Report (Date of earliest event reported)</font></div>
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June 18, 2021</font></div>
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LOOP INDUSTRIES, INC.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Exact
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Nevada</font></div>
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000-54786</font></div>
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27-2094706</font></div>
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Number)</font></div>
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480 Fernand-Poitras</font></div>
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Terrebonne, Quebec, Canada, J6Y 1Y4</font></div>
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(450) 951-8555</font></div>
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Not Applicable</font></div>
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Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;Securities
registered pursuant to Section 12(b) of the Act:</font></div>
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Title of each class</font></div>
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Trading Symbol(s)</font></div>
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Name of each exchange on which registered</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Common
stock, par value $0.0001 per share</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">LOOP</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Nasdaq
Global Market</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (&#xA7;230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (&#xA7;240.12b-2 of this chapter). Emerging growth company
&#x2610;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. &#x2610;</font></div>
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</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Item 1.01 Entry into a Material Definitive Agreement.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
Securities Purchase Agreement</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
On June 22, 2021, Loop Industries, Inc. (the &#x201C;Company&#x201D;)
entered into a Securities Purchase Agreement (the &#x201C;Purchase
Agreement&#x201D;) by and between the Company and SK global chemical
Co., Ltd, an accredited investor (the &#x201C;Purchaser&#x201D;).
Pursuant to the Purchase Agreement, the Company has agreed to issue
and sell to the Purchaser the following securities for an aggregate
purchase price of approximately $56.5 million (collectively, the
&#x201C;Investment&#x201D;):</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">an
aggregate of 4,714,813 shares (the &#x201C;Shares&#x201D;) of the
Company&#x2019;s common stock (the &#x201C;Common
Stock&#x201D;);</font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">warrants
to purchase 4,714,813 shares of Common Stock for an exercise price
of $15.00 (the &#x201C;First Tranche Warrants&#x201D;), with an
expiration date of the third anniversary of the issue
date;</font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">warrants
to purchase 2,357,407 shares of Common Stock for an exercise price
of $20.00 (the &#x201C;Second Tranche Warrants&#x201D;), with an
expiration date of the earlier of (A) the date that is the third
anniversary of the First Plant Milestone (as defined in the Second
Tranche Warrants), (B) the expiration of the JV Negotiation Period
(as defined in the Second Tranche Warrants), provided that the
Joint Venture Transaction Agreements (as defined in the Second
Tranche Warrants) have not been executed by the expiration of the
JV Negotiation Period and (C) the third anniversary of the BDP Date
(as defined in the Second Tranche Warrants), provided that the
First Plant Milestone has not occurred as of such date;
and</font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">warrants
to purchase 461,298 shares of Common Stock for an exercise price of
$11.00 (the &#x201C;Third Tranche Warrants,&#x201D; and together with
First Tranche Warrants and the Second Tranche Warrants, the
&#x201C;Warrants&#x201D;), with an expiration date of June 14,
2022.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The Purchaser may exercise the First Tranche Warrant and the Third
Tranche Warrant at any time prior to their applicable expiration
dates. The Purchaser may exercise the Second Tranche Warrant at any
time on or after the first business day following the First Plant
Milestone (as defined in the Second Tranche Warrant) prior to its
expiration date.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Based on 42,433,320 shares of common stock and issued and
outstanding as of May 27, 2021, the Purchaser is expected to own
approximately 10.0% of the issued and outstanding Common Stock
immediately following the Investment.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The Purchase Agreement contains customary representations,
warranties and covenants and conditions to closing of the
Investment. The Purchase Agreement may be terminated by either the
Company or the Purchaser if the closing has not occurred by
September 20, 2021.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The Company intends to use the proceeds toward the funding of its
planned Infinite Loop&#x2122; manufacturing facility at its recently
acquired site in Becancour, Quebec.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
For the sale of the Shares, the Company relied on Section 4(a)(2)
of the Securities Act of 1933, as amended or the private offering
safe harbor provision of Rule 506 of Regulation D promulgated
thereunder based on the following factors: (i) the number of
offerees or purchasers, as applicable, (ii) the absence of general
solicitation, (iii) representations obtained from the purchasers
relative to their accreditation and/or sophistication and/or their
relationship to the company (directors and officers), (iv) the
provision of appropriate disclosure, and (v) the placement of
restrictive legends on the certificates reflecting the securities
coupled with investment representations obtained from the
purchasers.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Simultaneous with the execution of the Purchase Agreement, the
Company and the Purchaser entered into a Joint Venture Memorandum
of Understanding (&#x201C;JV MOU&#x201D;) with respect to a potential
joint venture to commercialize the Company&#x2019;s plastic
recycling technology in Asia (&#x201C;Proposed Asia JV&#x201D;). The
JV MOU, which is non-binding, outlines certain principal terms for
the Proposed Asia JV. The Purchase Agreement provides that the
parties will negotiate exclusively with one another from the date
of the Purchase Agreement until the date which is six months from
the BDP Date (as defined in the Purchase Agreement) with respect to
the Proposed Asia JV (subject to extension in accordance with the
terms and conditions of the Purchase Agreement), with the objective
of executing definitive agreements for the Proposed Asia
JV.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div id="ftr">
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</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
Investors Rights Agreement</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
On the closing date of the Purchase Agreement, the Company will
enter into an Investors Rights Agreement (the &#x201C;Investors
Rights Agreement&#x201D;) by and among the Company, the Purchaser,
and Daniel Solomita, in his individual capacity and solely for the
purposes of the voting arrangement in the Purchase Agreement.
Pursuant to the Investors Rights Agreement, effective as of the
closing date of the Purchase Agreement, the Company&#x2019;s board
of directors (the &#x201C;Board&#x201D;) will appoint a designee of
the Purchaser to the Board (the &#x201C;Investor Designee&#x201D;),
subject to the terms and conditions of the Investors Rights
Agreement. Purchaser will have the right to require the Board to
nominate its designee for election to the Board until the Purchaser
and its affiliates beneficially own less than 4,000,000 shares of
Common Stock.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #000000">
Standstill</font><font style="color: #000000">. The Investors
Rights Agreement provides that Company and the Purchaser and its
respective affiliates will be subject to a standstill provision
commencing on the closing date until the later of (i) the date that
concludes any 90 day continuous period during which no Investor
Designee serves on the Board and (ii) the date on which the
Purchaser and its affiliates beneficially own less than 5.0% of the
issued and outstanding Common Stock (the &#x201C;Standstill
Period&#x201D;). During the Standstill Period, the Purchaser and its
affiliates will not, among other things and subject to specified
exceptions: (a) acquire any securities of the Company (except for
purchases of Common Stock in the public market to the extent
necessary to reverse any decrease in such parties&#x2019; percentage
ownership of the issued and outstanding Common Stock resulting
solely from a net increase in the number of shares of issued and
outstanding Common Stock). (b) propose any merger, consolidation,
business combination, tender offer or similar transaction involving
the Company. (c) solicit proxies or consents to vote any securities
of the Company. (d) form, join or participate in any group (as such
term is used in the rules of the Securities and Exchange
Commission). or (e) seek to call a meeting of the stockholders of
the Company or propose any matter to be voted upon by the
stockholders of the Company.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #000000">
Transfer Restrictions.</font> <font style="color: #000000">The
Investors Rights Agreement also provides that, for a period ending
on the second anniversary of the closing of the Investment (the
&#x201C;Lock-Up Period&#x201D;), the Purchaser will be prohibited
from transferring any Common Stock, subject to certain exceptions.
The Purchaser will also be generally prohibited from transferring
Common Stock to any competitor of the Company (as determined by the
Board).</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #000000">
Resale Registration Rights</font><font style="color: #000000">. The
Investors Rights Agreement includes customary resale shelf
registration rights for the Purchaser that require the Company to
register the Common Stock held by the Purchaser for resale
following the expiration of the Lock-Up Period.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #000000">
Voting Arrangement</font><font style="color: #000000">. Under the
Investors Rights Agreement, Mr. Solomita agrees, with respect to
any matter that needs to be approved by shareholders of the Company
to give effect to the Purchaser&#x2019;s rights under the Investors
Rights Agreement, the Purchase Agreement, and the Warrants (the
&#x201C;Required Approvals&#x201D;), that he shall vote (or cause to
be voted), or deliver a proxy (or cause a proxy to be delivered)
covering all of the shares of the Series A Preferred Stock of the
Company and the Common Stock for which Mr. Solomita is the
registered and/or direct or indirect beneficial owner of, or
exercises control or direction over: (i) in favor of the Required
Approvals and (ii) against any proposal that conflicts with or
would interfere with the exercise of the Purchaser&#x2019;s rights
under the Investors Rights Agreement.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The foregoing descriptions of the Purchase Agreement, Investors
Rights Agreement and form of Warrants are summaries of each and are
qualified in their entirety by the text of the Purchase Agreement,
Investors Rights Agreement and form of Warrants, respectively,
copies of which will be filed as exhibits to the Company&#x2019;s
Quarterly Report on Form 10-Q for the period ended August 31,
2021.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The foregoing agreements have been included to provide investors
with information regarding its terms. They are not intended to
provide any other factual information about the Company and its
subsidiaries and affiliates. The representations and warranties
contained in the Purchase Agreement were made only for purposes of
the Purchase Agreement (together with the exhibits thereto) and as
of specific dates, are solely for the benefit of the parties to the
Purchase Agreement, may be subject to limitations agreed upon by
the contracting parties, may have been made for the purposes of
allocating contractual risk between the parties to the Purchase
Agreement instead of establishing these matters as facts, and may
be subject to standards of materiality applicable to the
contracting parties that differ from those applicable to investors.
Investors are not third-party beneficiaries to the representations
and warranties contained in the Purchase Agreement and should not
rely on the representations and warranties or any descriptions
thereof as characterizations of the actual state of facts or
condition of the parties thereto or any of their respective
subsidiaries or affiliates. Moreover, information concerning the
subject matter of representations and warranties may change after
the date of the Purchase Agreement, which subsequent information
may or may not be fully reflected in the Company&#x2019;s public
disclosures.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div id="ftr">
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</div>
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<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Indorama Joint Venture Amendments</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
On June 18, 2021, the Company, Loop Innovations, LLC, a
wholly-owned subsidiary of the Company (&#x201C;Loop
Innovations&#x201D;), Indorama Ventures Holdings LP
(&#x201C;Indorama&#x201D;) and Indorama Loop Technologies, LLC (the
&#x201C;Indorama Joint Venture Company&#x201D;) amended (i) the
Limited Liability Company Agreement between Loop Innovations, LLC
and Indorama Ventures Holdings LP (the &#x201C;LLC
Agreement&#x201D;), (ii) the Marketing Agreement between the Company
and Indorama Loop Technologies, LLC (the &#x201C;Marketing
Agreement&#x201D;) and (iii) the License Agreement between the
Company and the Indorama Joint Venture Company (the &#x201C;License
Agreement&#x201D;), each dated September 24, 2018 (collectively such
amendments, the &#x201C;Indorama Joint Venture
Amendments&#x201D;).</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Under the Indorama Joint Venture Amendments, the Company, Indorama
and the Indorama Joint Venture Company agreed to:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">terminate
Indorama&#x2019;s right of first refusal under the LLC Agreement
over any facility to produce products utilizing any waste-to-resin
technology applying the PET depolymerization process of the
Company;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">amend
the non-compete obligations under the LLC Agreement to solely apply
to the Company;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">limit
the scope of the Company&#x2019;s grant of intellectual property
rights and the scope of the exclusivity rights of the Indorama
Joint Venture Company for the retrofit of existing facilities under
the License Agreement to North America and Europe; and</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="color: #000000; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">limit
the scope of the Indorama Joint Venture Company&#x2019;s permitted
marketing rights under the Marketing Agreement to North America and
Europe.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The foregoing description of the Indorama Joint Venture Amendments
does not purport to be complete and is qualified in its entirety by
reference to the Indorama Joint Venture Amendments, a copy of which
will be filed as exhibits to the Company&#x2019;s Quarterly Report
on Form 10-Q for the period ended August 31, 2021.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Item 3.02 Unregistered Sales of Equity Securities.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The information contained in Item 1.01 above is hereby incorporated
into this Item 3.02 by reference.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Item 8.01&#xA0;Other Events.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
A copy of the press release announcing the private placement is
attached to this Current Report on Form 8-K as Exhibit
99.1.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The information contained in Item 8.01 and Exhibit 99.1 of this
Current Report on Form 8-K is being furnished and shall not be
deemed &#x201C;filed&#x201D; for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, nor shall such
information be deemed incorporated by reference in any filing under
the Securities Act of 1933, as amended, except as shall be
expressly set forth by specific reference in such
filing.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Item 9.01 Financial Statements and Exhibits.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
(d) Exhibits.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; width: 100%; font-family: Times New Roman; font-size: 13px; margin: 0px auto 0px 0px;">
<tr>
<td style="vertical-align: top; width: 2%; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Exhibit</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Number</font></div>
</td>
<td style="vertical-align: top; width: 2%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 96%; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Description</font></div>
</td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: top; width: 2%; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="loop_ex991.htm"><font style="font-family: Times New Roman; font-size: 13px;">99.1</font></a></div>
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<font style="font-family: Times New Roman; font-size: 13px;">Press
Release dated June 23, 2021</font></div>
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SIGNATURES</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Pursuant
to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly
authorized.</font></div>
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LOOP INDUSTRIES, INC.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Date:
June 23, 2021</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">By:</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">/s/
Drew Hickey</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Drew
Hickey</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Chief
Financial Officer</font></div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>loop_ex991.htm
<DESCRIPTION>PRESS RELEASE DATED JUNE 23, 2021
<TEXT>
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<title>loop_ex991</title>
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<font style="font-family: Times New Roman; font-size: 13px;"><font style="font-weight: bold">
Exhibit 99.1</font><br></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SK global chemical to Acquire 10 Percent Equity Stake in Loop
Industries, Companies Announce Strategic Partnership to Bring
Sustainable and Circular Plastics to Asian Market</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Memorandum of
Understanding outlining terms of Joint Venture to build Infinite
Loop&#x2122; facilities in Asia</font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Equity investment
of $56.5 million will be used by Loop towards funding its planned
Canadian Infinite Loop&#x2122; facility in B&#xE9;cancour,
Qu&#xE9;bec</font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">SK global chemical
to become second largest shareholder</font></div>
</div>
</div>
<div style="margin-left: 24px; display: table">
<div style="display: table-row">
<div style="text-align: left; display: table-cell; width: 24px">
<font style="font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Loop Industries to
hold corporate update call at 11:30am Eastern Time
today</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
Montr&#xE9;al (Canada)/ ACCESSWIRE/ June 23, 2021 /</font> Loop
Industries (NASDAQ:LOOP) (&#x201C;Loop&#x201D; or &#x201C;The
Company&#x201D;), a leading innovator in clean technology whose
mission is to accelerate a sustainable plastics economy, today
announced that it intends to form a strategic partnership with SK
global chemical Co. Ltd. (&#x201C;SKGC&#x201D;), a subsidiary of
South Korea&#x2019;s SK Group, one of Asia&#x2019;s largest
conglomerates, to accelerate the commercialization of Loop&#x2019;s
sustainable polyethylene terephthalate (&#x201C;PET&#x201D;) plastic
and polyester fiber manufacturing technology throughout
Asia.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Loop&#x2019;s
patented technology allows for waste PET plastic and polyester
fiber to be upcycled into virgin-quality PET using low heat and no
added pressure. This low energy process allows Loop to eliminate
contaminants, such as dyes, additives, and other impurities,
preventing otherwise unrecyclable materials like colored and
contaminated plastics or textiles from ending up in landfills and
natural areas.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Joint Venture Partnership</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Loop
and SKGC intend to form a joint venture with exclusivity to build
sustainable PET plastic and polyester fiber manufacturing
facilities throughout Asia, which accounts for approximately 60
percent of the world&#x2019;s population, making it a key market in
terms of plastic manufacturing, consumption and waste. Under the
terms of the Memorandum of Understanding (&#x201C;MOU&#x201D;) for
the proposed joint venture, SK global chemical will own 51 percent
of the joint venture and Loop will own 49 percent. Loop will also
receive a recurring annual royalty fee as a percentage of revenue
from each facility for the use of its technology.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">SKGC
has today issued a separate press release discussing Loop&#x2019;s
technology and SKGC&#x2019;s objectives for the Joint Venture. As
stated in SKCG&#x2019;s press release, initial discussions between
the partners contemplate beginning preparation on a first facility
located in South Korea in the first half of 2022 and the
construction of four facilities in Asia by 2030, with projected
combined consumption of waste PET plastic and polyester fiber
amounting to approximately 400,000 tons.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Once
fully operational, these four facilities could claim an annual
savings of 632,100 metric tons of CO<font style="font-size: 70%; vertical-align: bottom">2</font>, which is the
equivalent of more than 2.5 billion kilometers driven by an average
passenger vehicle or ~270 million liters of gasoline
consumed.<font style="font-size: 70%; vertical-align: top">1</font></font></div>
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</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 9.1px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Strategic Equity Investment</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">In
addition, Loop and SKGC have concluded a definitive agreement for
SKGC to become a strategic investor in Loop. SKGC will purchase
4,714,813 new treasury common shares of Loop at a price of $12 per
share, for total consideration of $56.5 million. Loop intends to
use these proceeds toward the funding of its planned Infinite
Loop&#x2122; manufacturing facility at its recently acquired site in
B&#xE9;cancour, Qu&#xE9;bec.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">SKGC is
also being granted options to acquire an additional 461,298 common
shares at $11 per share within the next 12 months, 4,714,813 common
shares at a price of $15 per share, within the next 3 years, and a
further 2,357,407 shares at $20 per share, conditional upon the
timing of construction of the first Asian manufacturing facility.
SKGC is being granted a seat on Loop&#x2019;s Board of Directors and
as such is expected to provide valued input into the continuing
development of Loop&#x2019;s global commercialization
strategy.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Closing of the strategic equity investment is as soon as practical
and no later than 90 days from announcement.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Management Commentary</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;We
are delighted to form a strategic partnership with SK global
chemical,&#x201D; said Daniel Solomita, Founder and CEO of Loop
Industries. &#x201C;SK global chemical is an ideal strategic partner
to accelerate the growth of our company and the global
commercialization of our technology. Its scale and sophistication,
its global chemicals manufacturing footprint and a shared vision to
create value through sustainability and innovation make them a
valued partner in our journey to bring our technology to
market.&#x201D;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#x201C;Our
team has been extremely impressed by the thoroughness and extent of
SKGC&#x2019;s technical due diligence on Loop, which it has
conducted over the past several months, including a recent on-site
verification of Loop&#x2019;s technology at our demonstration
facility,&#x201D; he added. &#x201C;We are excited to collaborate
with SKGC to commercialize our technology and play a meaningful
role together to mitigate the environmental impact of global
plastic waste and help consumer brands meet their stated goals for
achieving high rates of recycled content in their
products.&#x201D;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">SK
global chemical&#x2019;s CEO, Kyung Soo Na said: &#x201C;We look
forward to collaborating closely with the acclaimed company, Loop,
which has great technology competencies in correlation to the
plastics recycling category. Furthermore, it is our sincere
intention to further expand and add value in the APAC region
together with Loop backed by its Chemical Recycling technology that
will work towards realizing a Plastic Circular
Economy.&#x201D;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Corporate Update Call</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Daniel
Solomita, Chief Executive Officer of Loop Industries, will host a
corporate update call, followed by a question-and-answer session,
which can be accessed via the dial-in numbers below.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">To
access the call, please use the following information:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Date:</font></div>
</td>
<td style="vertical-align: top; width: 72%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Wednesday,
June 23, 2021</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Time:</font></div>
</td>
<td style="vertical-align: top; width: 72%">
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
11:30 a.m.</font> Eastern time</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Dial-in:</font></div>
</td>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
1-877-407-9716</font></div>
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</tr><tr>
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International Dial-in:</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">1-201-493-6779</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Conference Code:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">13720718</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Webcast:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-size: 13px;">
http://public.viavid.com/index.php?id=145340</font><font style="font-size: 13px">&#xA0;</font></font></div>
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</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">A
telephone replay will be available approximately three hours after
the call and will run through July 23, 2021 by dialing
1-844-512-2921 from the U.S., or 1-412-317-6671 from international
locations, and entering replay pin number: 13720718. The replay can
also be viewed through the webcast link above.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
About Loop Industries</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Loop
Industries is a technology company whose mission is to accelerate
the world's shift toward sustainable PET plastic and polyester
fiber and away from our dependence on fossil fuels. Loop owns
patented and proprietary technology that depolymerizes no and
low-value waste PET plastic and polyester fiber, including plastic
bottles and packaging, carpets and textiles of any color,
transparency or condition and even ocean plastics that have been
degraded by the sun and salt, to its base building blocks
(monomers). The monomers are filtered, purified and polymerized to
create virgin-quality Loop&#x2122; branded PET resin and polyester
fiber suitable for use in food-grade packaging, thus enabling our
customers to meet their sustainability objectives. Loop Industries
is contributing to the global movement towards a circular economy
by preventing plastic waste and recovering waste plastic for a more
sustainable future for all.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Common
shares of Loop Industries are listed on the Nasdaq Global Market
under the symbol "LOOP."</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">For
more information, please visit&#xA0;<font style="color: #000000">www.loopindustries.com</font>. Follow us on
Twitter:&#xA0;<font style="color: #000000">@loopindustries</font>
Instagram:&#xA0;<font style="color: #000000">loopindustries</font>,
Facebook:&#xA0;<font style="color: #000000">Loop
Industries</font>&#xA0;and LinkedIn:&#xA0;<font style="color: #000000">Loop Industries</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
About SK global chemical</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">In
1972, SK global chemical laid the foundation for the development of
petrochemical industry by operating the first naphtha-cracking
facility in Korea. We provide various automotive &amp; packaging
products and solutions that customers and markets require.
Furthermore we are growing into a technology-based global chemical
company through continuous R&amp;D efforts and global
expansion.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">SK
global chemical will achieve its vision, &#x2018;Green for Better
Life&#x2019;, by establishing a plastics based circular economy by
collaborating with various partners and stakeholders. We will
expand our portfolio of eco-friendly products and will continuously
recycle beyond the amount of plastics that we produce in order to
realize and leverage the sustainability efforts that will benefit
our planet.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">For
more information, please visit&#xA0;<font style="color: #000000">www.skglobalchemical.com</font>.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="background-color: #FFFFFF; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Forward-Looking Statements</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="background-color: #FFFFFF; font-family: Times New Roman; font-size: 13px">
This news release contains "forward-looking statements" as defined
in the U.S. Private Securities Litigation Reform Act of 1995. Such
statements may be preceded by the words "intends," "may," "will,"
"plans," "expects," "anticipates," "should," "could," "projects,"
"predicts," "estimates," "aims," "believes," "hopes," "potential"
or "continute" the negative of such terms or similar words. These
forward-looking statements include, without limitation, statements
about our market opportunity, our strategies, ability to improveand
expand our capabilities, competition, expected activities and
expenditures as we pursue our business plan, the adequacy of our
available cash resources, regulatory compliance, plans for future
growth and future operations, the size of our addressable market,
market trends, and the effectiveness of the Company's internal
control over financial reporting. Forward-looking statements are
not guarantees of future performance, are based on certain
assumptions and are subject to various known and unknown risks and
uncertainties, many of which are beyond Loop's control, and cannot
be predicted or quantified and consequently, actual results may
differ materially from those expressed or implied by such
forward-looking statements. Such risks and uncertainties include,
without limitation, risks and uncertainties associated with among
other things: (i) commercialization of our technology and products,
(ii) our status of relationship with partners, (iii) development
and protection of our intellectual property and products, (iv)
industry competition, (v) our need for and ability to obtain
additional funding, (vi) building our manufacturing facility, (vii)
our ability to scale, manufacture and sell our products in order to
generate revenues, (viii) our proposed business model and our
ability to execute thereon, (ix) adverse effects on the Company's
business and operations as a result of increased regulatory, media
or financial reporting scrutiny and practices, rumors or otherwise,
(x) disease epidemics and health related concerns, such as the
current outbreak of a novel strain of coronavirus (COVID-19), which
could result in (and, in the case of the COVID-19 outbreak, has
resulted in some of the following) reduced access to capital
markets, supply chain disruptions and scrutiny or embargoing of
goods produced in affected areas, government-imposed mandatory
business closures and resulting furloughs of our employees,
government employment subsidy programs, travel restrictions or the
like to prevent the spread of disease, and market or other changes
that could result in noncash impairments of our intangible assets,
and property, plant and equipment, (xi) the outcome of the current
SEC investigation or recent class action litigation filed against
us, (xii) our ability to hire and/or retain qualified employees and
consultants and (xiii) other factors discussed in our subsequent
filings with the SEC. More detailed information about Loop and the
risk factors that may affect the realization of forward-looking
statements is set forth in our filings with the Securities and
Exchange Commission ("SEC"). Investors and security holders are
urged to read these documents free of charge on the SEC's web site
at http://www.sec.gov. Loop assumes no obligation to publicly
update or revise its forward-looking statements as a result of new
information, future events or otherwise.</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Media Contact</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Loop Industries</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Stephanie
Corrente, Director of Marketing &amp; Communications</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">+1
(450) 951-8555 ext. 226</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px;">
scorrente@loopindustries.com</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
SK global chemical</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">Joon
young Jeong, Professional Manager</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">SK
Innovation | Value Creation Center</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 288px"><font style="font-family: Times New Roman; font-size: 13px">Media PR - Battery
business&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">010-7659-5699</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px;">
jay.jung@sk.com</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">
Loop Industries Investor Relations</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">MZ
Group - MZ North America</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">+1
(949) 259-4987</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px;">
LOOP@mzgroup.us</font></div>
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<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px;">
www.mzgroup.us</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="ref.XCACD1"><font style="font-size: 70%; vertical-align: top; font-family: Times New Roman">
1</font> Source: Preliminary Life Cycle Assessment of Loop GEN II
PET Depolymerization Technology, 2020. Equivalencies calculated
using the United States Environmental Protection Agency Greenhouse
Gas Equivalencies Calculator</a></font></div>
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