January 10, 2018 / 9:37 PM / a year ago

BRIEF-Loop Industries Says ‍Stock-Based Compensation Expense For FY Ended Feb 28 Reduced From $5.5 Mln To $800,000​

Jan 10 (Reuters) - Loop Industries Inc:

* LOOP INDUSTRIES ANNOUNCES RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS RELATED TO NON-CASH STOCK-BASED COMPENSATION

* LOOP INDUSTRIES - ‍STOCK-BASED COMPENSATION EXPENSE FOR FISCAL YEAR ENDED FEB 28, 2017 REDUCED FROM $5.5 MILLION TO $800,000​

* LOOP INDUSTRIES INC - ‍ADJUSTMENT TO FINANCIAL STATEMENTS HAS NO IMPACT TO CASH FLOWS​ Source text for Eikon: Further company coverage:

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