Attached files
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| EX-99.1 - PRESS RELEASE - Loop Industries, Inc. | loopind_ex991.htm |
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported)
March 25, 2020
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LOOP INDUSTRIES, INC.
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(Exact
name of registrant as specified in its charter)
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Nevada
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000-54786
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27-2094706
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(State
or other jurisdictionof incorporation)
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(CommissionFile
Number)
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(IRS
EmployerIdentification No.)
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480 Fernand-Poitras
Terrebonne, Québec, Canada, J6Y 1Y4
(Address
of principal executive offices, including zip code)
(450) 951-8555
(Registrant’s
telephone number, including area code)
Not Applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2.
below):
☐
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common
stock, par value $0.0001 per share
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LOOP
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Nasdaq
Global Market
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Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (§240.12b-2 of this chapter). Emerging growth company
☐
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On March
25, 2020, Loop Industries, Inc. (the “Company”)
announced its measures to comply with the order of the Quebec
provincial government to minimize all non-priority services and
activities until April 13, due to the ongoing COVID-19
pandemic.
The
order provides exemptions that allow businesses that provide
non-priority services to maintain minimal operations to ensure the
resumption of their activities, bearing in mind the directives
issued by public health authorities. Consequently, the company will
maintain reduced operations at the pilot plant and protect its
investment in its assets, which are utilized for the continuing
development of its depolymerization technology for the production
of sustainable PET plastic.
The
company’s main focus during the time frame of the government
order will be to continue working with its joint venture partner,
Indorama Ventures Limited, to oversee the engineering for the
Spartanburg joint venture facility and pursue its plans for the
commercialization of its technology. The company has made
arrangements for employees to work remotely to support these
engineering activities.
A
copy of the Company’s press release is attached hereto as
Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit Number
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Description
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Press Release dated March 25, 2020
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly
authorized.
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LOOP INDUSTRIES, INC.
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Date:
March 25, 2020
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By:
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/s/ Daniel
Solomita
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Daniel
Solomita
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President
and Chief Executive Officer
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