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Loop Industries, Inc. (NASDAQ:LOOP) announced it has entered into a multi-year off-take agreement with affiliates of a major sports apparel company, according to a press release statement filed with the U.S. Securities and Exchange Commission.
The agreement, signed on September 1, 2025, stipulates that Loop Industries will supply minimum agreed volumes of its "Twist" circular polyester resin, which is produced entirely from textile waste. The supply will commence once Loop’s planned Infinite Loop India facility becomes operational. Pricing for the resin has also been agreed upon as part of the contract.
Loop Industries is incorporated in Nevada and is listed on the Nasdaq Stock Market. The company’s principal executive offices are located in Terrebonne, Quebec, Canada.
No additional financial terms or the identity of the sports apparel company were disclosed in the filing. The information is based solely on the company’s statement in the SEC filing.
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