On February 25, 2021, Loop Energy Inc. announced the successful closing of its initial public offering of an aggregate of 6,250,000 Common Shares of Loop at a price of $16.00 per Common Share. The IPO raised aggregate gross proceeds of $100,000,000.
National Bank Financial Inc. was the lead underwriter and sole bookrunner, with a syndicate of underwriters comprised of CIBC World Markets Inc., Raymond James Ltd., Canaccord Genuity Corp. and Cormark Securities Inc.
The Common Shares commenced trading on February 25, 2021 on the Toronto Stock Exchange under the symbol “LPEN”.
Loop is a leading designer of fuel cell systems targeted for the electrification of commercial vehicles, including, light commercial vehicles, transit buses and medium and heavy duty trucks. Loop’s products feature the Company’s proprietary eFlow™ technology in the fuel cell stack’s bipolar plates, which was designed to enable commercial customers to achieve performance maximization and cost minimization. Loop works with OEMs and major vehicle sub-system suppliers to enable the production of fuel cell electric vehicles.
Fasken advised Loop with a team that included Iain Mant, Shanlee von Vegesack, Marissa Di Lorenzo and Blaine Bowman (Securities), Shahrooz Nabavi and Geoff Pedlow (Corporate/Commercial), and Mike Coburn (Tax).
National Bank Financial Inc. was the lead underwriter and sole bookrunner, with a syndicate of underwriters comprised of CIBC World Markets Inc., Raymond James Ltd., Canaccord Genuity Corp. and Cormark Securities Inc.
The Common Shares commenced trading on February 25, 2021 on the Toronto Stock Exchange under the symbol “LPEN”.
Loop is a leading designer of fuel cell systems targeted for the electrification of commercial vehicles, including, light commercial vehicles, transit buses and medium and heavy duty trucks. Loop’s products feature the Company’s proprietary eFlow™ technology in the fuel cell stack’s bipolar plates, which was designed to enable commercial customers to achieve performance maximization and cost minimization. Loop works with OEMs and major vehicle sub-system suppliers to enable the production of fuel cell electric vehicles.
Fasken advised Loop with a team that included Iain Mant, Shanlee von Vegesack, Marissa Di Lorenzo and Blaine Bowman (Securities), Shahrooz Nabavi and Geoff Pedlow (Corporate/Commercial), and Mike Coburn (Tax).
Jurisdiction
- British Columbia
