IPO - Loop Industries, Inc.
Form Type: 424B5
Filing Date: 2025-07-03
Corporate Action: Ipo
Type: New
Accession Number: 000165495425007773
Filing Summary: Loop Industries, Inc. has filed a prospectus supplement in connection with an At the Market Offering Agreement with Roth Capital Partners, LLC, to sell shares of its common stock, with a potential aggregate offering price of up to $15,000,000. This offering will allow Loop to sell shares at market prices on the Nasdaq Global Market and includes provisions for the Sales Agent to act as an underwriter. As of the last trading day before entering the agreement, the last reported sale price of Loop's common stock was $1.26 per share. The company intends to utilize the net proceeds for working capital, capital expenditures, joint venture projects, and to finance acquisitions and complementary technologies. Risks associated with investing in this offering are highlighted, including potential dilution of shares and reliance on forward-looking statements regarding the company's future performance and projects.
Additional details:
Common Stock Offered: Shares of common stock having an aggregate offering price of up to $15,000,000.
Total Shares Outstanding After Offering: 59,623,112 shares, after giving effect to the assumed sale of 11,904,762 shares.
Last Reported Sale Price: $1.26 per share
Public Float: $16,130,974
Estimated Shares Held By Non Affiliates: 27,812,024 shares
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