PRESS RELEASE / September 23, 2020

Loop Industries Announces Closing of $24.0 Million Underwritten Public Offering of Common Stock

MONTRÉAL, CANADA / ACCESSWIRE / September 23, 2020 / Loop Industries, Inc. (NASDAQ:LOOP), a leading innovator in sustainable plastics technology, today closed its previously announced underwritten public offering of 1,880,000 shares of its common stock at a price to the public of $12.75 per share pursuant to an effective Registration Statement on Form S-3 filed with the U.S. Securities and Exchange Commission (the "SEC"). In addition, Loop Industries has granted the underwriter a 30-day option to purchase up to an additional 282,000 shares of its common stock. The gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, were approximately $24.0 million. All of the shares were offered for sale by Loop Industries.

Loop Industries intends to use the net proceeds from the proposed offering for working capital and general corporate purposes, including continued investment in research and development for further innovation and funding ongoing operations.

Roth Capital Partners acted as the sole manager for the offering.

The securities were issued and sold pursuant to Loop Industries' existing shelf registration statement (File No. 333-226789) filed with the Securities and Exchange Commission on August 10, 2018 and declared effective on August 23, 2018. A prospectus supplement describing the terms of the offering has been filed with the SEC. Before you invest, you should read the prospectus in the registration statement, the related prospectus supplement and the other documents Loop Industries has filed or will file with the SEC for more complete information about Loop Industries and this offering. Copies of the effective shelf registration statement, including a base prospectus and prospectus supplement that form a part of the registration statement, may be obtained for free on the SEC's website located at Copies of the prospectus supplement and the accompanying prospectus may also be obtained, when available, by contacting Roth Capital Partners LLC at 888 San Clemente, Newport Beach, CA 92660, Attention: Prospectus Department or by telephone at (800) 678-9147.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.