LOOP Loop Industries Inc

Item 1. Security and Issuer.

This Amendment No. 3 (this “Amendment No. 3”) supplements and amends certain information in the Schedule 13D filed by Andrew Lapham and Northern Private Capital Fund I Limited Partnership, a Canadian limited partnership, on June 25, 2019, as amended by Amendment No. 1 filed on July 9, 2019 and Amendment No. 2 filed on February 23, 2021 (the “Original Schedule 13D” and, together with this Amendment No. 3, the “Schedule 13D”). Capitalized terms used but not otherwise defined in this Amendment No. 3 shall have the same meanings ascribed thereto in the Original Schedule 13D. Except as expressly provided herein, all Items of the Original Schedule 13D remain unchanged.

Item 4. Purpose of Transaction.

The information contained in Item 4 of the Schedule 13D is hereby amended and restated in its entirety by the following:

The information set forth or incorporated by reference in Items 3, 5 and 6 of this Schedule 13D is incorporated by reference in its entirety into this Item 4.

The securities were acquired by NPC I LP for investment purposes. NPC I LP may elect, following closing of the Offering, to transfer securities acquired in the Offering among NPC Funds.

The Reporting Persons intend to review their investment in the Issuer on a continuing basis, taking into consideration various factors, including the Issuer’s business, financial condition, results of operations and prospects, general market, economic and industry conditions and/or other relevant factors. Based on their review of these factors, the Reporting Persons may (x) acquire additional securities, or retain or sell all or a portion of the securities then held, in each case, in open market, block sales or privately negotiated transactions or otherwise (including pursuant to the exercise of the Options) or (y) evaluate the possibility of a further investment in the Issuer (including pursuant to the exercise of the Options) or explore extraordinary corporate transactions involving the Issuer. Such extraordinary corporate transactions could include a merger, reorganization or take private transaction that could result in the delisting or deregistration of the Common Stock; acquisitions or dispositions of assets or businesses; repurchases or changes to the capitalization or dividend policy of the Issuer; or other material changes to the Issuer’s business or corporate structure, including changes in management or the composition of the board of directors. The Reporting Persons may also formulate other purposes, plans or proposals regarding the Issuer or any of its securities, to the extent deemed advisable in light of strategic investment and trading policies of the Reporting Persons.

To facilitate the foregoing, the Reporting Persons may engage in discussions with third party sources of equity and debt financing (which may include exchanging information with any such persons pursuant to customary confidentiality or similar agreements), including for purposes of financing the exercise of the Options. The Reporting Persons will likely take some or all of the foregoing steps at preliminary stages in their consideration of various possible courses of action before forming any intention to pursue any particular plan or action.

There can be no assurance that the Reporting Persons will make any purchase or any proposal for any transaction, or that the Reporting Persons and the Issuer will be able to reach agreement with respect to any proposal, or the terms or timing thereof.

Except as described elsewhere in this Item 4 or to the extent that the foregoing may be deemed to be a plan or proposal, none of the Reporting Persons currently has any plans or proposals that relate to or would result in any of the actions specified in clause (a) through (j) of Item 4 of Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: April 13, 2022