Loop Industries, Inc. (NASDAQ:LOOP) Q3 2023 Earnings Conference Call January 13, 2023 11:00 AM ET Company Participants Kevin O’Dowd - Vice President of Communications and Investor Relations Daniel Solomita - Founder and Chief Executive Officer Conference Call Participants Gerard Sweeney - ROTH Capital Partners, LLC David Quezada - Raymond James Ltd. Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Loop Industries [Second] Quarter 2023 Corporate Update Call. During today's p ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File No. 000-54768 Loop Industries, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of i ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2022 Nevada 27-2094706 (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) For the transition period from ___________ to __________ Commission File No. 000-54768 480 Fernand-Poitras Terrebonne, Québec, Canada J6Y 1Y4 (Address of principal executive o ...

Financial Data and Key Metrics Changes - The net loss for Q1 2023 increased to $18 million, up from $12.2 million in Q1 2022, primarily due to increased G&A expenses of $7.9 million, partially offset by lower R&D expenses of $1.4 million [13][14] - G&A expenses increased mainly due to stock-based compensation expenses of $8.4 million, with $7.74 million related to a performance milestone for restricted stock units [13][14] - Excluding the one-time performance milestone, the adjusted loss for the quarter would have been $10.3 million [14] Business Line Data and Key Metrics Changes - The company has seen an uptick in customer demand driven by government regulations for recycled content in packaging [7][8] - A five-year anchor agreement was signed with Danone for the Becancour facility, and the launch of the evian Loop bottle in South Korea is expected to be the first chemically recycled packaging sold in stores [8][9] - A supply agreement was established with a Swiss shoe manufacturer for 100% recycled polyester resin, indicating increased interest from fiber companies [9] Market Data and Key Metrics Changes - The North American project in Becancour is advancing with detailed engineering and financing plans, targeting to break ground later this year [11] - The South Korean project with SK Geo Centric is progressing well, with land purchased and site preparation underway [11] Company Strategy and Development Direction - The partnership with SK Geo Centric and SUEZ aims to build the first Infinite Loop manufacturing facility in Europe, with ground-breaking scheduled for 2023 [6][11] - The company is focused on commercializing its technology to address global challenges surrounding plastic waste and sustainability [15][16] Management's Comments on Operating Environment and Future Outlook - Management noted that increased government regulatory requirements for recycled plastics are supporting demand for recycled PET and polyester fiber [15] - The economic outlook for the project remains strong despite inflationary pressures, with high demand for sustainable materials [35] Other Important Information - The cash balance at the end of the quarter was $32.4 million [14] - The company is working on securing feedstock agreements in both Europe and North America, with a wide pool of certified suppliers [25][24] Q&A Session Summary Question: Key developments for the Becancour project - Management indicated that detailed engineering is progressing and expects to have 100% of the facility contracted before breaking ground [20][22] Question: Feedstock planning and agreements - Management confirmed that each project has its own feedstock strategy, with contracts in place for North America and partnerships in Europe [23][25] Question: Timeline for financing completion - Management stated that discussions for financing are ongoing and have not changed dramatically despite market conditions [34][35] Question: Visibility from the Terrebonne facility for projections - Management emphasized that the operational data from the Terrebonne facility provides confidence in scaling up for the Becancour project [38][40] Question: Revenue from products sent to prospective customers - Management clarified that material sold for R&D purposes is netted in the R&D line, while products intended for sale will be booked as revenue [46][52] Question: Expected operating expenses and equity contributions - Management anticipates lower operating expenses moving forward, targeting a range of $5 million to $6 million per quarter [58][59]

Market Demand and Regulatory Environment - The global annual market demand for PET plastic and polyester fiber is projected to exceed $160 billion by 2022[99]. - Canada has set a goal for all plastic packaging to contain 50% recycled content by 2030, while California mandates 15% post-consumer resin in plastic bottles by 2022, increasing to 50% by 2030[107]. - The increasing regulatory environment and commitments from consumer goods companies are expected to drive demand for recycled PET (rPET) further[101]. Technology and Innovation - Loop Industries is developing Generation II technology, which uses methanolysis at temperatures below 90 °C, offering lower energy usage and reduced greenhouse gas emissions compared to conventional processes[110]. - The GEN II technology allows for the depolymerization of low-quality feedstocks, such as carpet fiber and mixed plastics, into high-quality PET suitable for food contact use[113]. - Loop's proprietary technology can produce virgin-quality Loop™ PET resin and polyester fiber from 100% recycled materials, meeting food-grade packaging standards[104]. - Loop's technology validation report, executed by a third-party engineering firm, confirmed the quality, effectiveness, and scalability of its technology[132]. - The GEN II technology portfolio includes multiple patent families with expiration dates ranging from June 2039 to March 2040, enhancing Loop's intellectual property position[115][119]. Strategic Partnerships and Projects - Loop has secured multi-year supply agreements with major brands including Danone, PepsiCo, L'OCCITANE, and L'Oréal Group for the use of Loop™ PET resin in their packaging[120]. - The Québec Project aims to support Canada's zero plastic waste goal by 2030, with initial site preparation costs of $1.14 million and a planned investment of up to $8.55 million for machinery[135][136]. - Loop's strategic partnership with SK geo centric aims to establish a joint venture for sustainable PET manufacturing in Asia, which accounts for approximately 60% of the world's population and 70% of global PET consumption[126]. - The partnership with Suez and SKGC intends to supply up to 70,000 M/T of virgin-quality, 100% recycled PET plastic and polyester fiber to the European market[139]. - The joint venture with Indorama aims to retrofit PET manufacturing facilities, increasing the capacity of the Spartanburg plant to 40,000 metric tons per year from an initial 20,700 metric tons due to customer demand[141]. Financial Performance and Outlook - The net loss for the three-month period ended May 31, 2022, was $18.01 million, an increase of $5.85 million compared to the same period in 2021, primarily due to increased general and administrative expenses[150]. - General and administrative expenses rose by $7.88 million in the same period, largely due to an increase in stock-based compensation of $8.45 million related to a performance milestone[151]. - Research and development expenses decreased by $1.84 million, attributed to a $1.31 million decrease in external engineering expenses and a $0.73 million decrease in machinery and equipment purchases[152]. - The company had cash and cash equivalents of $32.40 million as of May 31, 2022, but its liquidity position is subject to risks and uncertainties[153]. - The company plans to raise significant capital for the construction of the Infinite Loop™ manufacturing facility in Bécancour, Québec, and other commercial facilities in Europe, Asia, and Spartanburg, South Carolina[155]. - During the three months ended May 31, 2022, the company used $11.58 million in operating activities, a decrease from $12.41 million in the same period in 2021, mainly due to reduced operating expenses[159]. - The company invested $0.07 million in intangible assets during the three months ended May 31, 2022, focusing on patent technology[160]. Reporting and Disclosure - The company is classified as a "smaller reporting company" and is not required to provide quantitative and qualitative disclosures about market risk[163]. - The company has opted out of certain regulatory requirements due to its size, which may impact the level of detail in financial disclosures[163]. - No specific financial performance metrics or user data were disclosed in the conference call[163]. - Future outlook and performance guidance were not provided in the available content[163]. - There are no mentions of new products, technologies, market expansion, or mergers and acquisitions in the provided information[163]. - The company did not disclose any strategic initiatives or changes in business strategy during the call[163]. - Overall, the content lacks detailed financial data and insights typically expected in earnings calls[163]. - The absence of specific performance indicators may limit investor insights into the company's operational health[163]. - The company’s reporting status may affect its visibility and attractiveness to potential investors[163]. - Further information may be required to assess the company's market position and future growth prospects[163].

Financial Performance - The net loss for the three-month period ended February 28, 2022, increased by $1.08 million to $14.27 million compared to the same period in 2021, primarily due to a contingency loss for legal settlement of $2.52 million and a loss from equity investment of $1.12 million [181]. - The net loss for the year ended February 28, 2022, was $44,920,956, compared to a net loss of $36,344,923 in the prior year, reflecting an increase in losses of approximately 23.6% [231]. - The company reported a net loss of $44.92 million for the year ended February 28, 2022, compared to a net loss of $36.34 million for the previous year, representing an increase in losses of approximately 23% [239]. - The company expects to incur additional net losses while developing and planning for commercialization, with no revenues reported to date [214]. - The company's loss before taxes increased to $44,920,956 in 2022, compared to $36,344,923 in 2021, with U.S. operations contributing a loss of $12,690,909 [354]. Expenses - Total expenses for the fiscal year ended February 28, 2022, were $44.92 million, an increase of $8.58 million compared to $36.34 million in the previous year, driven by increased research and development expenses of $9.05 million [191]. - Research and development expenses for the fiscal year ended February 28, 2022, totaled $27.74 million, an increase of $9.05 million from $18.69 million in the previous year [188]. - General and administrative expenses increased by $1.25 million for the year ended February 28, 2022, partially offset by a $1.73 million decrease in stock-based compensation expenses due to forfeitures of RSUs [193]. - General and administrative expenses rose to $12.79 million in 2022, compared to $11.54 million in 2021, reflecting an increase of 10.8% [341]. - Stock-based compensation expense for stock options amounted to $1.51 million in 2022, down from $2.21 million in 2021, indicating a decrease of 31.7% [343]. Cash Flow and Financing - Cash and cash equivalents on hand were $44.06 million as of February 28, 2022, with ongoing operations financed primarily by raising equity [197]. - Net cash used in operating activities was $42.98 million for the year ended February 28, 2022, compared to $22.49 million for the previous year, mainly due to increased operating expenses [206]. - The company raised $56.5 million through a private offering of common stock during the year ended February 28, 2022 [209]. - The company raised $56.05 million from the sale of common shares and exercise of warrants, net of share issuance costs, compared to $26.65 million in the previous year, marking a 110% increase in financing activities [239]. - The company is evaluating financing options to construct manufacturing plants in Canada, Europe, and Asia, which is critical for future revenue generation [246]. Investments and Assets - The company invested $4.82 million in property, plant, and equipment, primarily for the purchase of land in Bécancour, Québec, for the construction of its Infinite Loop™ manufacturing facility [207]. - Total assets rose to $59,220,199 as of February 28, 2022, compared to $43,403,513 as of February 28, 2021, marking an increase of about 36.3% [229]. - The accumulated deficit grew to $(134,582,926) as of February 28, 2022, compared to $(89,661,970) in the previous year, representing an increase of approximately 50% [229]. - The company has approximately 11,659,418 warrants outstanding as of February 28, 2022, with significant expirations in June 2022 and July 2024 [352]. Legal and Regulatory Matters - The company recorded a contingency loss for legal settlement of $2.52 million related to a class action lawsuit, which requires a total payment of $3.1 million to the plaintiff class [184]. - A contingency loss of $2,519,220 was recorded in 2022 related to the settlement of a class action lawsuit [368]. - The company agreed to pay $3.1 million to settle the Tremblay Class Action, with a total cash contribution of approximately $2.52 million from the company [371]. Research and Development - The company is pursuing the construction of Infinite Loop™ commercial scale facilities in Québec, Canada, and with strategic partners in Europe and South Korea, aiming for global expansion of its technology [175]. - The Infinite Loop manufacturing technology has a capacity of up to 70,000 M/T of PET resin output per year, with the basic design package completed in collaboration with leading engineering partners [179]. - Research and development expenses increased to $27.74 million for the year ended February 28, 2022, up from $18.69 million in 2021, representing a growth of 48.5% [340]. - Research and development expenses primarily include costs related to process development, testing of pre-production samples, and machinery expenditures at the Terrebonne Facility [266]. Strategic Plans - The company is targeting multi-year take or pay offtake agreements for planned Infinite Loop production, which may command premium pricing over virgin, petroleum-based PET resin [180]. - The company plans to continue driving the commercialization of its Infinite Loop™ solution, which is considered a key pillar for selling technology to commercial partners [221]. - The company is actively identifying and pursuing additional strategic partners and regions for new Infinite Loop™ projects to expand its market presence [221].

Financial Data and Key Metrics Changes - At the end of Q3 2022, Loop Industries had $54.9 million in cash, having used $10.7 million during the quarter [19] - R&D expenses increased by $1.6 million compared to the prior quarter due to ongoing engineering work for the Infinite Loop projects [19] Business Line Data and Key Metrics Changes - The company is advancing customer contract negotiations with global consumer packaged goods (CPG) brands for multi-year volume allocations for the Quebec facility [11] - The engineering design of Infinite Loop manufacturing facilities is progressing on schedule, with a feasibility study phase initiated to obtain a more precise cost estimate [14][13] Market Data and Key Metrics Changes - The Asian market represents nearly 70% of the world's PET consumption and is the center of global polyester fiber manufacturing [17] - Loop and SK Geocentric plan to build a minimum of four facilities in Asia by 2030, with the first facility located in Ulsan, South Korea [18] Company Strategy and Development Direction - Loop Industries aims to address climate change through the decarbonization of plastic, focusing on providing 100% recycled content for PET plastic and polyester fiber [6][7] - The company is pursuing the construction of commercial-scale facilities in Quebec, Europe, and Asia, leveraging partnerships with SUEZ and SK Geocentric [9][15][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing negotiations for government financing, which is critical for the Bécancour facility to meet Canada's 2030 plastic waste goals [23][24] - The company anticipates 2022 to be a transformational year focused on accelerating the commercialization of its technology and securing multi-year off-take commitments [20] Other Important Information - The Infinite Loop project in Bécancour is seen as essential infrastructure for Canada to meet its recycling objectives [12] - The company is finalizing site selection for the European facility in Normandy, France, with construction expected to break ground in 2023 [16] Q&A Session Summary Question: Status of Bécancour and conditions for next construction phase - Management is completing the engineering package by Q1 2022 and discussing various financing options, with government financing playing a significant role [23] Question: Timing for site selection with SUEZ - Site selection is imminent as the company has narrowed down options to three sites in France [25] Question: Groundbreaking in Asia with SK - The Asian facility is expected to break ground before Bécancour, with the engineering package being the gating item [26][27] Question: CapEx expectations for 2022 - Estimated CapEx for the Bécancour facility is $300 million, with ongoing discussions for financing [30] Question: Supply timeline for evian partnership - The resin has already been shipped to evian, and it is now on their schedule to produce the bottles [36] Question: Updates on land sale - There has been significant interest in the land for sale, with ongoing due diligence by potential buyers [46] Question: Customer off-take agreements - There is strong customer interest from beverage companies and polyester fiber users, with ongoing negotiations [48]

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File No. 000-54768 Loop Industries, Inc. (Exact name of Registrant as specified in its charter) Nevada 27-2094706 (State or other ...

[PART I. Financial Information](index=2&type=section&id=PART%20I.%20Financial%20Information) [Item 1. Financial Statements](index=2&type=section&id=Item%201.%20Financial%20Statements) The development-stage company reported zero revenue and a significantly widened net loss of $20.55 million for the six-month period Condensed Consolidated Balance Sheet Highlights (Unaudited) | Account | August 31, 2021 | February 28, 2021 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $65,561,362 | $35,221,951 | | Total current assets | $71,287,965 | $37,595,568 | | Total assets | $78,477,043 | $43,403,513 | | **Liabilities & Equity** | | | | Total current liabilities | $6,149,799 | $9,062,981 | | Total liabilities | $9,472,395 | $10,578,989 | | Total stockholders' equity | $69,004,648 | $32,824,524 | Condensed Consolidated Statements of Operations Highlights (Unaudited) | Metric | Three Months Ended Aug 31, 2021 | Three Months Ended Aug 31, 2020 | Six Months Ended Aug 31, 2021 | Six Months Ended Aug 31, 2020 | | :--- | :--- | :--- | :--- | :--- | | Revenue | $0 | $0 | $0 | $0 | | Research and development | $5,284,797 | $2,749,222 | $13,922,632 | $4,229,810 | | General and administrative | $3,116,226 | $2,049,241 | $6,276,797 | $4,002,323 | | **Net Loss** | **($8,392,416)** | **($5,127,724)** | **($20,549,780)** | **($8,980,438)** | | **Loss per share (Basic & Diluted)** | **($0.19)** | **($0.13)** | **($0.47)** | **($0.22)** | Condensed Consolidated Statements of Cash Flows Highlights (Unaudited) | Cash Flow Activity | Six Months Ended Aug 31, 2021 | Six Months Ended Aug 31, 2020 | | :--- | :--- | :--- | | Net cash used in operating activities | ($22,400,420) | ($7,455,787) | | Net cash used in investing activities | ($5,101,573) | ($3,232,238) | | Net cash provided by (used in) financing activities | $57,954,883 | ($26,836) | | **Net increase (decrease) in cash** | **$30,339,411** | **($10,589,428)** | - The company owns **patented technology** to depolymerize low-value waste PET plastic and polyester fiber into its base monomers, which are then purified and re-polymerized to create **virgin-quality** Loop™ branded PET resin[24](index=24&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=20&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses its commercialization strategy, increased net loss from higher R&D and G&A costs, and improved liquidity from a strategic investment [Business Overview and Strategy](index=21&type=section&id=Business%20Overview%20and%20Strategy) The company is commercializing its proprietary PET recycling technology through strategic partnerships and has secured key regulatory approvals - The company's mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber, targeting a global market projected to exceed **$160 billion** by 2022[115](index=115&type=chunk)[116](index=116&type=chunk) - Loop's **Generation II (GEN II) technology** is a low-temperature methanolysis process that depolymerizes waste PET into high-purity monomers, which has been independently validated by Kemitek[124](index=124&type=chunk)[127](index=127&type=chunk) - The company has received key regulatory approvals for its PET resin, including a **No Objection Letter (NOL) from the FDA** and Health Canada, confirming its suitability for food-contact applications[134](index=134&type=chunk)[135](index=135&type=chunk)[136](index=136&type=chunk) - Key strategic partnerships for commercialization include a joint venture with **SK geo centric for Asia**, a partnership with **SUEZ for Europe**, and a joint venture with **Indorama for North America**[148](index=148&type=chunk)[158](index=158&type=chunk)[159](index=159&type=chunk) [Results of Operations](index=27&type=section&id=Results%20of%20Operations) The net loss widened significantly due to increased R&D expenses for a new facility and higher G&A costs from legal fees and insurance Comparison of Operating Results (Three Months Ended August 31) | Expense Category | 2021 | 2020 | Change | | :--- | :--- | :--- | :--- | | Total research and development | $5,284,797 | $2,749,222 | $2,535,575 | | Total general and administrative | $3,116,226 | $2,049,241 | $1,066,985 | | **Net loss** | **($8,392,416)** | **($5,127,724)** | **($3,264,692)** | Comparison of Operating Results (Six Months Ended August 31) | Expense Category | 2021 | 2020 | Change | | :--- | :--- | :--- | :--- | | Total research and development | $13,922,632 | $4,229,810 | $9,692,822 | | Total general and administrative | $6,276,797 | $4,002,323 | $2,274,474 | | **Net loss** | **($20,549,780)** | **($8,980,438)** | **($11,569,342)** | - The six-month increase in R&D expenses was primarily driven by a **$5.11 million increase in machinery and equipment purchases** and a $2.44 million increase in external engineering fees[186](index=186&type=chunk) - The six-month increase in G&A expenses was mainly due to a **$1.85 million rise in legal and professional fees** associated with the SEC investigation and class action suits, and a $0.95 million increase in D&O insurance costs[184](index=184&type=chunk) [Liquidity and Capital Resources](index=30&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity was substantially improved by a $56.5 million strategic investment, ensuring sufficient funding for the next 12 months - As of August 31, 2021, the company had cash and cash equivalents of **$65.56 million**[187](index=187&type=chunk) - On July 29, 2021, the company closed a strategic equity investment from SK geo centric (SKGC) for total consideration of **$56.5 million**[188](index=188&type=chunk) Summary of Cash Flows (Six Months Ended August 31) | Cash Flow Activity | 2021 | 2020 | | :--- | :--- | :--- | | Net cash used in operating activities | ($22,400,420) | ($7,455,787) | | Net cash used in investing activities | ($5,101,573) | ($2,232,238) | | Net cash from (used by) financing activities | $57,954,883 | ($26,836) | - Management believes the company has **sufficient financial resources** to fund committed operating and capital expenditures for at least the next 12 months from the issuance date of the financial statements[190](index=190&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=31&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from foreign currency exchange, commodity price fluctuations, and raw material price volatility - The company is exposed to **foreign exchange risk** as its Canadian subsidiary's operational costs are denominated in Canadian dollars, while financing is primarily in U.S. dollars[202](index=202&type=chunk)[204](index=204&type=chunk) - **Commodity price risk** exists as the demand for recycled PET can be negatively affected if crude oil prices decline, making virgin PET comparatively cheaper to produce[207](index=207&type=chunk) - The business faces **raw material price risk** from fluctuations in the price and availability of waste PET plastic and polyester fiber feedstock[208](index=208&type=chunk) [Item 4. Controls and Procedures](index=32&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective, with no material changes to internal controls - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were **effective** as of August 31, 2021[211](index=211&type=chunk) - **No changes in internal control** over financial reporting occurred during the three-month period ended August 31, 2021, that materially affected, or were reasonably likely to materially affect, internal controls[212](index=212&type=chunk) [PART II. Other Information](index=33&type=section&id=PART%20II.%20Other%20Information) [Item 1. Legal Proceedings](index=33&type=section&id=Item%201.%20Legal%20Proceedings) The company is defending against an ongoing SEC investigation and multiple class-action lawsuits related to its technology and disclosures - The company received a subpoena from the **SEC on October 15, 2020**, initiating an investigation into its GEN I and GEN II technologies and certain partnerships which is ongoing[213](index=213&type=chunk) - The company and certain officers are defendants in **consolidated class-action lawsuits** in the Southern District of New York and a separate class action in Québec, alleging misleading statements[214](index=214&type=chunk)[216](index=216&type=chunk)[218](index=218&type=chunk) - Defendants served a **motion to dismiss** the consolidated U.S. complaint on April 27, 2021[217](index=217&type=chunk) [Item 1A. Risk Factors](index=34&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K were reported - **No material changes** to the risk factors set forth in the company's Annual Report on Form 10-K occurred during the six months ended August 31, 2021[221](index=221&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=34&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company disclosed several unregistered sales of equity securities, including a significant issuance to strategic partner SK geo centric - On July 29, 2021, the company issued **4,714,813 shares of common stock and warrants** to purchase 7,533,518 shares to SK geo centric Co., Ltd[222](index=222&type=chunk) - On August 26, 2021, the company issued a **warrant to purchase 17,180 shares** of common stock to Investissement Québec in connection with its financing facility[223](index=223&type=chunk) [Item 3. Defaults Upon Senior Securities](index=34&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon its senior securities during the period - None[225](index=225&type=chunk) [Item 4. Mine Safety Disclosures](index=34&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company's operations - Not applicable[226](index=226&type=chunk) [Item 5. Other Information](index=34&type=section&id=Item%205.%20Other%20Information) The company did not report any other information for this item - None[227](index=227&type=chunk) [Item 6. Exhibits](index=34&type=section&id=Item%206.%20Exhibits) This section indexes exhibits filed with the report, including agreements, certifications, and XBRL data files - The report includes an index of exhibits filed, such as the **Amendment to Joint Venture Agreements**, the **Securities Purchase Agreement with SK Global Chemical**, and certifications from the Principal Executive Officer and Principal Financial Officer[228](index=228&type=chunk)[232](index=232&type=chunk)

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File No. 000-54768 Loop Industries, Inc. (Exact name of Registrant as specified in its charter) Nevada 27-2094706 (State or other juri ...