Aduro Clean Technologies Closes $8 Million Public Offering

MT Newswires Live

Jun 12, 2025

Aduro Clean Technologies (ADUR) said late Wednesday it closed its US public offering of 947,868 common shares with accompanying warrants to buy 473,934 common shares for gross proceeds of $8 million.

The company offered underwriters a 45-day overallotment option to buy up to an additional 142,180 common shares and/or warrants to buy an additional 71,090 common shares.

The price per common share and half warrant was set at $8.44, and each whole warrant can be exercised immediately into one common share at $10.13 per share, the company said.

Aduro said it plans to use the net proceeds to cover research and development costs, overheads linked to the construction of the "Demonstration-Scale" plant, and for general corporate purposes.

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