Core Viewpoint - Aduro Clean Technologies Inc. has announced the pricing of its public offering of 1,739,130 common shares in the U.S., aiming to raise approximately $20 million before deducting underwriting discounts and offering expenses [1][3]. Group 1: Offering Details - The offering includes 1,739,130 common shares and associated warrants to purchase 869,565 common shares, with a gross proceeds target of about $20 million [1]. - Each whole warrant allows the purchase of one common share at an exercise price of $16.00 per share, with warrants being immediately exercisable and expiring three years from the issuance date [1]. - The company has granted the underwriters a 45-day option to purchase up to 260,869 additional common shares and/or warrants to purchase up to 130,434 additional common shares [4]. Group 2: Use of Proceeds - Aduro intends to use the net proceeds from the offering for expenses related to the construction of its demonstration facility, ongoing research and development, general corporate purposes, and working capital [3]. Group 3: Regulatory Compliance - The offering is conducted under a valid shelf registration statement filed with the SEC and a Canadian short form prospectus, with securities being offered exclusively in the United States [5]. - The base prospectus detailing the terms of the offering has been filed with the relevant securities regulatory authorities and can be accessed for free on the company's profiles on SEDAR+ and the SEC's website [6]. Group 4: Company Overview - Aduro Clean Technologies develops patented water-based technologies to chemically recycle plastic waste, convert heavy crude oil and bitumen into lighter, more valuable oil, and transform renewable oils into higher-value fuels or renewable chemicals [8]. - The company's Hydrochemolytic™ technology operates at relatively low temperatures and costs, utilizing water as the primary agent in a chemical platform to convert low-value raw materials into resources for the 21st century [8].
Aduro Clean Technologies gibt Preisgestaltung für öffentliches Emissionsangebot in Höhe von 20 Millionen US-Dollar bekannt