InvestmentJun 11, 2026, 06:01 AM
Aduro Clean Technologies Prices $22.8M Public & Private Offerings
AI Summary
Aduro Clean Technologies Inc. announced the pricing of an underwritten public offering of 1,028,645 common shares at US$15.20 per share, raising US$15.64 million. Concurrently, a non-brokered private placement of up to 471,698 common shares at the same price is expected to raise up to US$7.17 million. The combined offerings aim to generate up to US$22.81 million in gross proceeds, which will be used for the design and construction of a first-of-a-kind demonstration-scale industrial plant (FOAK Plant), ongoing research and development, and general corporate purposes.
Key Highlights
- Priced underwritten public offering and concurrent private placement.
- Aggregate gross proceeds of up to US$22,805,214 from both offerings.
- Public Offering: 1,028,645 common shares at US$15.20/share for US$15,635,404.
- Private Placement: Up to 471,698 common shares at US$15.20/share for up to US$7,169,810.
- Net proceeds to fund FOAK Plant design, engineering, and construction.
- Proceeds also allocated for ongoing research and development costs.
- Remainder for general corporate purposes and working capital.
- Public Offering expected to close around June 11, 2026; Canaccord Genuity is sole bookrunner.
Price Impact
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