Loop Industries, Inc.

Loop Industries, Inc. announced the appointment of Jeffrey R. Geygan to its Board of Directors, effective June 22, 2026. The Board increased its size by one seat for this appointment. Mr. Geygan, an accomplished corporate leader with extensive executive and board experience, will serve as an independent director. He will receive compensation in line with the company's policy and was granted 5,170 restricted stock units.

Loop Industries, Inc. has filed its Definitive Proxy Statement (DEF 14A) for its 2026 Annual Meeting of Stockholders, scheduled for July 23, 2026, as a virtual-only event. Key proposals include the election of directors, ratification of PricewaterhouseCoopers LLP as auditor, an advisory vote on executive compensation, and an amendment to the 2017 Equity Incentive Plan to increase the share reserve. The filing also details corporate governance, director qualifications, and voting rights, noting the company's status as a 'controlled company' due to Daniel Solomita's majority voting power.

Loop Industries reported a full-year fiscal 2026 net loss of $(12.3) million, an improvement from $(15.1) million in fiscal 2025, primarily due to reduced impairment charges and operating expenses, despite a significant drop in revenue. The company made progress on its global expansion, notably reducing the estimated capital cost for its India facility to $165-$170 million and advancing its European project.

Loop Industries is significantly advancing its global commercialization strategy for its Infinite Loop™ technology through strategic partnerships and facility developments. The company has formed a 50/50 joint venture with Ester Industries Ltd. in India to build a 70,000 tons/year manufacturing facility, projected to be operational by 2028 with an estimated investment of $165-$170 million. Additionally, Loop licensed its technology to Reed Societe Generale Group for a European facility, with the first site selected in Schwarzheide, Germany, targeting 70,000 metric tons/year by 2030.