NetworkNewsBreaks – Loop Industries Inc. (NASDAQ: LOOP) Secures $26.6M in Underwritten Public Offering

October 8, 2020 10:41:36

Loop Industries (NASDAQ: LOOP), a leading innovator in sustainable plastics technology, has closed an underwritten public offering of 2,087,000 shares of its common stock, including 207,000 additional shares pursuant to the partial exercise of the over-allotment option granted to the underwriters. Loop Industries secured approximately $26.6 million in gross proceeds, with each of the shares sold at the public offering price of $12.75. The company intends to use the proceeds for working capital and general corporate purposes, including continued investment in research and development for further innovation and funding ongoing operations. Roth Capital Partners acted as sole manager for the offering.

To view the full press release, visit

About Loop Industries Inc.

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 dependence on fossil fuels. Loop Industries owns patented and proprietary low-energy 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(TM) branded PET resin and polyester fiber suitable for use in food-grade packaging, thus enabling our customers to meet sustainability objectives. Loop Industries is contributing to the global movement to a circular economy by preventing plastic waste and recovering waste plastic for a more sustainable future for all. For more information, please visit

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information please visit

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published:

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office

NetworkNewsWire is part of the InvestorBrandNetwork