Exchange Bulletin
Loop Energy Inc. (LPEN) To Trade On Toronto Stock Exchange
February 23, 2021
| Issuer: | Loop Energy Inc. (the "Company") |
| Security: | Common shares (the "Shares") |
| Symbol(s): | LPEN |
| Issue price per security: | $16.00 |
| Number of securities issued and outstanding: | 33,577,961 |
| Number of securities reserved for issuance: | 4,676,463 |
| Listing category: | Industrial, Non Exempt |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Shares (the "Offering"). |
| Listing date: | February 24, 2021 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | February 25, 2021 (prior to the opening) |
| Posted for trading date: | February 25, 2021 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Temporary market maker: | National Bank Financial Inc. |
| Security ownership registration: | Non-Certificated Inventory |
| Investor relations: | Ben Nyland President and Chief Executive Officer (778) 996-2149 Email: ben.nyland@loopenergy.com Darren Ready Chief Financial Officer (604) 992-5287 Email: darren.ready@loopenergy.com |
| Incorporation: | Business Corporations Act (British Columbia) |
| Fiscal year end: | December 31 |
| Nature of business: | The Company is a designer of fuel cell systems targeted for the electrification of commercial vehicles. |
| Transfer agent and registrar: | Computershare Investor Services Inc. at its principal office in Toronto. |
| Dividends: | The Company has not paid dividends since the date of its incorporation and does not expect to pay dividends in the near future. |
| Sponsorship: | Waived |
| Disclosure document: | Prospectus dated February 18, 2021 which is available at www.SEDAR.com. |
| Initial public offering: | 6,250,000 Shares are being offered to the public from treasury at a price of $16.00 per Share (the "Offering Price"). In addition, the underwriters have been granted an over-allotment option to purchase up to an additional 937,500 Shares from treasury at the Offering Price. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |