Loop (LOOP) Q3 2025 Earnings Call Transcript [Yahoo! Finance]
SOCIETE GENL FRNCE S/ADR (SCGLY)
NASDAQ:AMEX Investor Relations:
societegenerale.com/en/investors
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Source: Yahoo! Finance
Vice President, Communications and Investor Relations — Kevin O'Dowd Need a quote from a Motley Fool analyst? Email pr@fool.com Daniel Solomita: Thanks, Kevin. Good morning, everyone. Thank you for attending our call. We had a significant obvious milestone that was accomplished in late December just before the quarter end, where we finalized the Reed transaction with Societe Generale. So that was a big milestone that we had been working on for many months to be able to complete it. The transaction is €20 million financing to Loop, €10 million in convertible preferred security, which converts into Loop shares at $4.75 a share five years from now, can be repaid in cash or in stock. The other part of the transaction, which is very significant, is we've sold the first license to our technology to Societe Generale, where Societe Generale will be able to now develop a project in Europe with Loop to be able to build an Infinite Loop manufacturing facility in the Continent of Europe. T
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