Corporate ActionJun 12, 2026, 01:16 PM
Aduro Closes Public Offering, Raises $15.6M Gross Proceeds
AI Summary
Aduro Clean Technologies Inc. announced the successful closing of its public offering, raising gross proceeds of $15,635,404 USD. The company issued 1,028,645 common shares at a price of $15.20 USD per share. The net proceeds from this offering are earmarked for critical initiatives, including the design, engineering, and construction of its first-of-a-kind (FOAK) commercial-scale demonstration plant, ongoing research and development, and general corporate and working capital needs.
Key Highlights
- Aduro Clean Technologies closed its public offering of 1,028,645 common shares.
- The offering generated gross proceeds of $15,635,404 USD.
- Shares were sold at a price of $15.20 USD ($21.20 CAD) per share.
- Net proceeds will fund the design and construction of its FOAK commercial-scale demonstration plant.
- Funds are also allocated for continued research and development activities.
- Proceeds will cover general corporate purposes and working capital.
- Canaccord Genuity served as the sole book-running manager for the offering.
- The offering received conditional approval from the Toronto Stock Exchange (TSX).
Price Impact
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