Loop Industries Stock Drops 2.55% Post-Financing: What's Next?
Wednesday, Jun 4, 2025 4:30 pm ET1min read
LOOP--
Loop Industries, Inc. fell 2.55% in after-hours trading, following the completion of a convertible preferred stock financing with Reed Societe Generale Group, securing approximately $10.5 million in funding. The company is dedicated to accelerating the global transition to sustainable PET plastics and polyester fibers, utilizing patented technology to convert waste PET plastics and polyester fibers into high-quality Loop™ branded PET resin, aligning with customers' sustainability goals.
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