Strategic partner SK sells entire Loop Industries stake to founder

Rhea-AI Filing Summary

SK geo centric Co., Ltd., formerly a >5% shareholder of Loop Industries, Inc. (LOOP), filed Amendment No. 2 to Schedule 13D declaring it now owns 0 shares (0%) of Loop’s common stock, making this a final exit filing.

Between 3-10 Jul 2025 SK disposed of 237,339 shares in open-market trades priced between $1.09-$1.24. On 23 Jul 2025 it sold its remaining 3,935,367 shares directly to Loop’s founder & CEO Daniel Solomita at $1.0096 per share, eliminating all voting and dispositive power. No other transactions were reported in the past 60 days.

The filing removes a strategic partner from the share register but simultaneously increases insider ownership, potentially reducing future share-supply overhang while raising questions about long-term collaboration between the two companies.

Positive

• Insider ownership rises: CEO Daniel Solomita purchases 3.9 M shares, signalling personal commitment and reducing free-float overhang.
• Block sale completed: Removal of SK’s stake lowers risk of additional large secondary sales that could pressure LOOP’s share price.

Negative

• Strategic partner exits: SK geo centric’s complete divestiture may hinder future joint initiatives and capital support.
• Discounted sale price: Block transferred at $1.0096, below recent trading range, implying weak external demand.
• Governance concentration: Larger CEO stake diminishes independent influence over corporate strategy.

Insights

Corporate Governance Expert

TL;DR – Strategic partner exits; CEO increases control, governance balance shifts.

SK geo centric’s full divestiture eliminates a key external stakeholder, weakening third-party oversight and strategic alignment built since 2021. While insider alignment rises with Solomita’s purchase, the loss of a multinational chemicals partner could reduce Loop’s access to capital, technology and market channels previously expected from the SK alliance. The discounted $1.01 transfer price (≈4 % below prior open-market average) may also signal limited appetite from other institutional buyers. Net governance impact skews negative due to concentration of power and potential strategic void.

Financial Analyst

TL;DR – Stake sale removes overhang; valuation implication modest, overall neutral.

Roughly 4.17 million shares (≈6 % of total outstanding) shift from a corporate investor to the CEO at a cost of ~$4.2 million. The move eliminates the risk of future SK block sales, potentially stabilising near-term price action. However, the exit of a potential strategic capital source offsets that benefit. Given Loop’s sub-$150 million market cap, the transaction is material yet not transformational to enterprise value. I view the filing as neutral to valuation—positive for float dynamics, negative for partnership optics.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

Loop Industries, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

543518104

(CUSIP Number)

Sung Young Baek
51, Jong-ro, Jongno-gu,
Seoul, M5, 03161
82-2-2121-5114

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/23/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 543518104

1

Name of reporting person

SK geo centric Co., Ltd.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF, WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

KOREA, REPUBLIC OF

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Row 13. See Item 4 below. This constitutes an exit filing for the Reporting Person.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.0001 per share
(b)	Name of Issuer: Loop Industries, Inc.
(c)	Address of Issuer's Principal Executive Offices: 480 Fernand-Poitras Terrebonne, Quebec, CANADA (FEDERAL LEVEL) , J6Y 1Y4.
Item 1 Comment: This Amendment No. 2 (this "Amendment No. 2") amends and supplements the Schedule 13D filed by the Reporting Person on August 9, 2021, as amended by Amendment No. 1 on July 3, 2025 (the "Schedule 13D"). This Amendment No. 2 is the final amendment to the Schedule 13D and an exit filing for the Reporting Person. Capitalized terms used but not otherwise defined in this Amendment No. 2 have the meanings set forth in the Schedule 13D.
Item 2.	Identity and Background
(a)	SK geo centric Co., Ltd.
(b)	51, Jong-ro, Jongno-gu, Seoul, 03161, Republic of Korea
(c)	N/A
(d)	None
(e)	None
(f)	Republic of Korea
Item 3.	Source and Amount of Funds or Other Consideration
	The information contained in Item 3 of the Schedule 13D is incorporated herein by reference.
Item 4.	Purpose of Transaction
	The Information contained in Item 4 of the Schedule 13D is hereby amended and restated in its entirety by the following: Pursuant to the transactions described in Item 5(c) of this Amendment No. 2, the Reporting Person no longer holds any shares of the Issuer's Common Stock and accordingly, has ceased to be the beneficial owner of more than 5% of the Issuer's outstanding Common Stock.
Item 5.	Interest in Securities of the Issuer
(a)	0
(b)	0
(c)	The information contained in Item 5(c) of the Schedule 13D is incorporated herein by reference. From July 3, 2025 to July 10, 2025, the Reporting Person has disposed of an aggregate of 237,339 shares of Common Stock in open-market transactions effected on the NASDAQ as follows: (1) on July 3, 2025, 38,351 shares at $1.2431 per share, (2) on July 7, 2025, 45,400 shares at $1.1931 per share, (3) on July 8, 2025, 28,558 shares at $1.2047 per share, (4) on July 9, 2025, 88,730 shares at $1.0962 per share, and (5) on July 10, 2025, 36,300 shares at $1.1183 per share. On July 23, 2025, the Reporting Person sold 3,935,367 shares of Common Stock to Daniel Solomita at a price of $1.0096 per share. Except as described herein, the Reporting Person has not effected any transactions in the shares of the Issuer's Common Stock during the past 60 days.
(d)	N/A
(e)	July 23, 2025
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	The information contained in Item 6 of the Schedule 13D is incorporated herein by reference.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

SK geo centric Co., Ltd.

Signature:	/s/ Sung Young Baek
Name/Title:	Sung Young Baek / Head of Legal Team
Date:	07/23/2025