Loop Industries Inc. has entered into a Securityholders Agreement with Reed Circular Economy (RCE), an affiliate of Reed Management SAS, to establish a European joint venture called Infinite Loop Europe SAS. Under the terms of the agreement, RCE will hold a 90% stake and Loop will hold a 10% stake in the joint venture, which aims to develop, finance, construct, own, operate, and commercialize chemical upcycling plants across Europe using Loop's proprietary technology. The deal grants the joint venture priority rights to evaluate European project opportunities and sets out specific financing and licensing arrangements. Loop retains ownership of its intellectual property but grants the joint venture limited usage rights. RCE has provided a €10 million shareholder loan to support the venture's initial activities. The joint venture is structured as a French simplified joint-stock company, with governance and transfer restrictions outlined in the agreement.