Core Viewpoint - Aduro Clean Technologies Inc. has successfully completed an additional issuance of common shares and warrants, raising approximately US$1.2 million through the exercise of an over-allotment option related to its public offering [1][2]. Group 1: Offering Details - The company issued 142,180 common shares and 71,090 warrants, with each whole warrant having an exercise price of US$10.13 and expiring three years from the date of issuance [1][2]. - D. Boral Capital LLC acted as the sole book-running manager for the offering [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to ongoing research and development costs, expenditures for the construction of a "Demonstration-Scale" plant, and any remaining funds will be used for general corporate purposes and working capital [3]. Group 3: Regulatory Information - The offering was conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) and a Canadian short form base shelf prospectus, both effective as of May 28, 2025 [4]. - The base shelf prospectus detailing the terms of the offering has been filed with relevant securities commissions in Canada and the SEC [5]. Group 4: 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 [8]. - The company's Hydrochemolytic™ Technology utilizes water as a key agent in a low-temperature chemistry platform, representing a significant advancement in converting low-value feedstocks into valuable resources for the 21st century [8].
Aduro Clean Technologies Announces Closing of Underwriter’s Over-Allotment Option in Public Offering