Loop Industries SEC Filings

Loop Industries is asking stockholders to vote at a virtual-only 2026 annual meeting on July 23, 2026. Holders will elect five directors, while the sole Series A Preferred holder will separately elect CEO and founder Daniel Solomita, bringing the Board to six members.

Investors are also being asked to ratify PricewaterhouseCoopers LLP as auditor, approve an advisory say-on-pay resolution, and approve an amendment to the 2017 Equity Incentive Plan to increase the share reserve. As of May 26, 2026, Loop had 48,380,371 common shares outstanding, one Series A Preferred share with 69,833,744 votes, and 1,044,430 Series B Convertible Preferred shares with 2,544,537 votes.

The company qualifies as a Nasdaq “controlled company” because Mr. Solomita controls more than 50% of voting power, but only relies on the exemption from having a majority-independent Board. Executive pay is heavily equity-based: in fiscal 2026, the CEO received a bonus and new awards in stock options instead of cash, and other senior executives were granted sizable multi‑year vesting options tied to Loop’s long‑term commercialization plans.

Loop Industries reported fourth-quarter and full-year fiscal 2026 results showing sharply lower revenue but a smaller annual loss, alongside progress on India and Europe projects.

For the year ended February 28, 2026, revenue was $514,000, down from $10.9 million, mainly due to the absence of prior-year licensing revenue. Net loss improved to $12.3 million from $15.1 million as research and development and general and administrative expenses declined by a combined $6.0 million, and there was no repeat of the prior-year $8.5 million equipment impairment.

Cash and cash equivalents fell to $2.4 million from $13.0 million, with operating activities using $10.1 million of cash. Total assets decreased to $8.6 million, while stockholders’ equity turned negative at $(9.6) million, reflecting accumulated deficits and preferred stock. Management highlighted reduced estimated capital cost for the planned India facility to $165–$170 million, progress on project financing, non-repayable Canadian government funding of up to C$2.92 million, and a European joint venture project moving into the engineering and permitting phase.

Loop Industries, Inc. files its annual report describing a recycling-technology business that is still in the development stage and not yet profitable. The company posted a net loss of $12.2 million for the year ended February 28, 2026 and discloses substantial doubt about its ability to continue as a going concern because existing cash and an undrawn credit facility are not sufficient for at least twelve months.

Loop is commercializing its low-temperature depolymerization-based Infinite Loop™ technology to turn waste PET plastic and polyester fiber into virgin-quality resin. It operates a small Terrebonne, Québec facility mainly for technology validation and customer development while relying on partners to build large plants.

The strategy centers on a 50/50 joint venture with Ester Industries to construct an Infinite Loop™ facility in India with planned capacity of 70,000 tons per year, and a European licensing platform with Reed Societe Generale Group. In December 2024, Loop issued 1,044,430 shares of Series B preferred stock at $10.00 per share and entered a license agreement with Reed affiliates, receiving total cash proceeds of $20.8 million.

Loop Industries, Inc. is soliciting proxies for its virtual 2026 Annual Meeting on July 23, 2026. The Board recommends election of six directors, including founder Daniel Solomita, and seeks approval of auditor ratification, an advisory vote on executive compensation, and an amendment to increase the 2017 Equity Incentive Plan reserve. The record date for voting was May 26, 2026. The notice explains virtual meeting access, voting procedures, broker voting rules, and where to find the proxy materials and Annual Report on Form 10-K.

Loop Industries, Inc. granted Chief Operating Officer Adel Essaddam stock options as equity compensation. He received options covering 600,000 shares of common stock, split into awards for 200,000 and 400,000 underlying shares, each with an exercise price of $1.44 per share.

According to the footnote, these options will vest in equal parts on April 8, 2027 and April 8, 2028, as long as he remains employed through each vesting date. The options expire on April 8, 2033, giving him a long-term incentive tied to the company’s share price.

Loop Industries, Inc. director and Chief Financial Officer Spencer Hart received a grant of stock options representing 6,365 shares of common stock. The options have an exercise price of $1.44 per share, were granted on April 8, 2026, and expire on April 8, 2033. This is a compensation-related award, not an open‑market purchase or sale, and leaves Hart with 6,365 derivative securities reported as directly owned after the transaction.

Loop Industries, Inc. director and Chief Executive Officer Daniel Solomita reported receiving two compensation-related stock option grants. He was awarded 150,410 stock options with a $1.44 exercise price, which will vest in equal tranches on April 8, 2027, April 8, 2028, and April 8, 2029 if he remains employed. He also received 1,000,000 stock options at a $1.44 exercise price expiring April 8, 2033, which are subject to stockholder approval to increase the shares authorized under the 2017 Equity Incentive Plan at the next stockholder meeting.

Loop Industries, Inc. reported that Chief Revenue Officer Giovanni Catino received a grant of stock options on April 8, 2026. The award covers 43,870 stock options, each allowing him to buy one share of common stock at an exercise price of $1.44 per share. The options expire on April 8, 2033, and are held directly. Following this grant, he holds 43,870 derivative securities linked to the company’s common stock.