SCHEDULE: SK geo centric Completes Full Divestment of Loop Industries Stake
Beneficial Ownership Change
SK geo centric Co., Ltd. has fully divested its beneficial ownership in Loop Industries, Inc., ceasing to be a greater than 5% shareholder.
Summary
- SK geo centric Co., Ltd. filed Amendment No. 2 to its Schedule 13D, which serves as its final amendment and an exit filing.
- SK geo centric no longer holds any shares of Loop Industries, Inc. Common Stock.
- SK geo centric has ceased to be a beneficial owner of more than 5% of Loop Industries' outstanding Common Stock.
- Between July 3, 2025, and July 10, 2025, SK geo centric disposed of an aggregate of 237,339 shares of Common Stock in open-market transactions on NASDAQ.
- Open-market sale prices ranged from $1.0962 to $1.2431 per share.
- On July 23, 2025, SK geo centric sold 3,935,367 shares of Common Stock to Daniel Solomita at a price of $1.0096 per share.
Sentiment
Score: 3
Explanation: The complete divestment by a significant beneficial owner, SK geo centric Co., Ltd., coupled with the final large block sale occurring at a price lower than recent open-market transactions, suggests a negative signal for the issuer, Loop Industries, Inc.
Negatives
- The complete divestment by a significant beneficial owner, SK geo centric Co., Ltd., removes a large institutional holder from Loop Industries' shareholder base.
- The final large block sale of 3,935,367 shares to Daniel Solomita was executed at $1.0096 per share, which is lower than the open-market transaction prices ranging from $1.0962 to $1.2431 during the preceding days.
Future Outlook
No forward-looking statements or guidance are provided in this exit filing.
Industry Context
This filing details a specific shareholder's complete divestment from Loop Industries, Inc. and does not provide information to analyze broader industry trends or competitive landscape.
Related Party Transactions
- Sale of 3,935,367 shares of Common Stock to Daniel Solomita at $1.0096 per share on July 23, 2025. Daniel Solomita is the CEO of Loop Industries, Inc.
Stakeholder Impact
- Shareholders: The complete exit of a significant institutional investor may lead to negative market sentiment and potential downward pressure on the stock price due to the removal of a large holder and the discounted price of the final block sale.
Key Dates
| Date | Description |
|---|---|
| August 9, 2021 | Original Schedule 13D filed by SK geo centric Co., Ltd. |
| July 3, 2025 | Amendment No. 1 to Schedule 13D filed; Open-market sale of 38,351 shares at $1.2431 per share. |
| July 7, 2025 | Open-market sale of 45,400 shares at $1.1931 per share. |
| July 8, 2025 | Open-market sale of 28,558 shares at $1.2047 per share. |
| July 9, 2025 | Open-market sale of 88,730 shares at $1.0962 per share. |
| July 10, 2025 | Open-market sale of 36,300 shares at $1.1183 per share. |
| July 23, 2025 | Sale of 3,935,367 shares to Daniel Solomita at $1.0096 per share; Date of event requiring filing of this statement; Date of signature for Amendment No. 2. |
Recommendation
sellThe complete divestment by a significant beneficial owner, SK geo centric Co., Ltd., signals a lack of confidence or a strategic shift away from Loop Industries, Inc. The final large block sale to an individual at a price lower than recent open-market transactions further reinforces a negative outlook, suggesting potential downward pressure on the stock.
Keywords
Loop Industries, SK geo centric, Schedule 13D, beneficial ownership, divestment, share sale, common stock
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