Core Viewpoint - Aduro Clean Technologies Inc. has announced the granting of stock options and restricted share units to its directors, officers, employees, and consultants, aimed at enhancing talent retention and aligning interests with shareholders [1][3]. Summary by Sections Stock Options Grant - The company granted a total of 743,500 stock options, each allowing the purchase of one common share at a price of $13.50, exercisable over a period of 5 years [1][2]. - The options will vest monthly over a two-year period from the date of grant [2]. Restricted Share Units Grant - Additionally, 100,000 restricted share units (RSUs) were granted to a consultant, with vesting occurring in three tranches: 35,000 RSUs vesting immediately, 35,000 RSUs vesting after 6 months, and 30,000 RSUs vesting after 12 months [3]. - All options and RSUs are subject to a hold period of four months and one day from the date of issuance [3]. Company Overview - Aduro Clean Technologies specializes in patented water-based technologies for recycling waste plastics, converting heavy crude 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, operating at low temperatures and costs, which is a significant advancement in converting low-value feedstocks into valuable resources for the 21st century [5].
Aduro Clean Technologies Announces Grant of Stock Options and RSUs