Loop Industries, Inc. Receives Nasdaq Notices for Non-Compliance with Listing Standards
Key Points:
- Loop Industries, Inc. has received two written notices from Nasdaq regarding non-compliance with listing requirements.
- The first notice pertains to the company’s failure to meet the minimum Market Value of Listed Securities (MVLS) requirement.
- The second notice concerns the company’s failure to maintain the minimum bid price requirement for its common stock.
- Both notices grant Loop Industries, Inc. a 180-day period to regain compliance.
- The company’s common stock will continue to trade under the symbol “LOOP” on the Nasdaq Global Market during this period.
Detailed Analysis:
On July 24, 2026, Loop Industries, Inc. (“the Company”) was notified by the Listing Qualifications Department of The Nasdaq Stock Market LLC that it is not in compliance with the minimum Market Value of Listed Securities (MVLS) requirement. According to Nasdaq Listing Rule 5450(b)(2)(A), companies listed on the Nasdaq Global Market must maintain an MVLS of at least \$50 million. Loop Industries’ MVLS had been below \$50 million for 30 consecutive business days (from June 10, 2026, to July 23, 2026), triggering the notice.
Additionally, the MVLS notice stated that the Company does not meet alternate requirements under Nasdaq Listing Rule 5450(b)(3)(A), which means it cannot rely on other standards to maintain its listing status.
In accordance with Nasdaq Listing Rule 5810(c)(3)(C), Loop Industries now has 180 calendar days (until January 20, 2027) to regain compliance. To do so, its MVLS must close at or above \$50 million for a minimum of ten consecutive business days within the compliance period. Failure to regain compliance by this deadline may result in the company’s securities being delisted, although Loop Industries may apply for a transfer to the Nasdaq Capital Market as an alternative.
On July 27, 2026, Loop Industries received a second notice from Nasdaq relating to the minimum bid price requirement. The company’s closing bid price had been below \$1.00 for 30 consecutive business days (from June 11, 2026, to July 24, 2026), which violates Nasdaq Listing Rule 5450(a)(1). The company has another 180 calendar days (until January 25, 2027) to regain compliance, by having its closing bid price at or above \$1.00 for at least ten consecutive business days. If it fails to do so, its securities may be subject to delisting, though it could potentially receive additional time under certain circumstances.
Importantly, these notices do not have an immediate effect on the listing or trading of Loop Industries’ common stock, which will continue to trade on the Nasdaq Global Market under the symbol “LOOP” during the compliance periods.
What Shareholders Need to Know:
- Risk of Delisting: The company faces a real risk of being delisted from the Nasdaq Global Market if it fails to regain compliance with the MVLS and minimum bid price requirements by the respective deadlines.
- Share Price Sensitivity: These notices are highly price sensitive. Delisting could severely impact the liquidity and value of Loop Industries’ shares, making it harder for investors to buy or sell shares and possibly leading to a significant decrease in share price.
- Potential for Further Action: If compliance is not regained, the company may seek a transfer to the Nasdaq Capital Market, which has lower listing standards but could still impact investor perception and confidence.
- No Immediate Impact: For now, there is no immediate change to the trading status of the stock, but investors should closely monitor the company’s progress towards regaining compliance.
Corporate Details:
- Company: Loop Industries, Inc.
- Incorporated in: Nevada
- Trading Symbol: LOOP
- Exchange: Nasdaq Global Market
- Principal Executive Offices: 480 Fernand Poitras, Terrebonne, QC, J6Y 1Y4
- Telephone: (450) 951-8555
- Chief Financial Officer and Director: Spencer Hart
Investor Action: Shareholders should be aware of these compliance issues and monitor further communications from Loop Industries. The outcome of these compliance periods could materially affect the future of the company and the value of its shares.
Disclaimer: The above article is for informational purposes only and does not constitute financial or investment advice. Investors should conduct their own due diligence and consult with a professional advisor before making any investment decisions. The information is based on the company’s SEC filings and may change as new developments occur.
