Brief: Loop Energy Reports Fourth Quarter & Year End 2022 Results, Highlights Plans For 2023 And Announces Strategic Review Process

Loop Energy

29/03/2023 21:40

March 29 (Reuters) - Loop Energy Inc  LPEN.TO :
    * LOOP ENERGY REPORTS FOURTH QUARTER & YEAR END 2022
RESULTS,
HIGHLIGHTS PLANS FOR 2023 AND ANNOUNCES STRATEGIC REVIEW PROCESS
    * LOOP ENERGY INC- CREDIT SUISSE HAS BEEN RETAINED AS
FINANCIAL
ADVISOR TO ADVISE ON STRATEGIC ALTERNATIVES
    * LOOP ENERGY INC- TOOK STEPS DURING LATE 2022 AND EARLY
2023 TO
RIGHT-SIZE ORGANIZATION AND ALIGN OPERATING EXPENSES WITH MARKET
CONDITIONS
    * LOOP ENERGY INC- REDUCTION IN OPERATING AND CAPITAL SPEND
EXTENDS CO'S CASH RUN-RATE TO END OF CALENDAR 2023 WITH CURRENT
CASH, FUNDING COMMITMENTS
    * LOOP ENERGY INC- DURING Q1 OF 2023, WE HAVE FURTHER
CONTINUED TO
EVALUATE CAPITAL ACCESS OPTIONS AVAILABLE IN FINANCIAL MARKETS
    * LOOP ENERGY- TO INVESTIGATE STRATEGIC PARTNERSHIPS,
LICENCING
OPPORTUNITIES, JOINT DEVELOPMENT TO BRING NEW CAPITAL,
EXPERTISE, RESOURCES TO BUSINESS

Source text for Eikon:  ID:nBw52CbVpa 
Further company coverage:  LPEN.TO 

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