Aduro Clean Technologies Announces Closing of US$4 Million Uplisting to Nasdaq

Core Viewpoint - Aduro Clean Technologies Inc. has successfully closed its underwritten U.S. public offering, raising approximately US$4.00 million by selling 941,177 common shares at a price of US$4.25 per share, with trading commencing on the Nasdaq Capital Market under the ticker symbol "ADUR" [1][2]. Group 1: Offering Details - The offering consisted of 941,177 common shares priced at US$4.25 each, generating gross proceeds of about US$4.00 million before expenses [1]. - Underwriters have a 45-day option to purchase an additional 141,176 common shares, which is 15% of the shares sold in the offering [1][2]. - The offering was not available to residents of Canada or persons in Canada [2]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to ongoing research and development, construction of the "Next Generation Process" unit, and general corporate purposes and working capital [2]. Group 3: Company Overview - Aduro Clean Technologies specializes in patented water-based technologies aimed at chemically recycling waste plastics, converting heavy crude and bitumen into lighter oil, and transforming renewable oils into higher-value fuels or chemicals [5]. - The company's Hydrochemolytic™ technology utilizes water as a key agent in a low-temperature chemistry platform, providing a cost-effective method to convert low-value feedstocks into valuable resources [5].